Dollar sheds Rs1.77 in two days, slips to Rs159.28

KARACHI: Continuing with the previous day's momentum, Pakistani Rupee gained another 81 paisas against the US Dollar in the interbank on Wednesday.

According to a State Bank of Pakistan tweet, the US dollar opened at Rs160.09 and closed at Rs159.28. The local currency had gained Re0.96 against the greenback on Tuesday.

Money dealers in the market attributed this rally of rupee against the US dollar to encouraging economic indicators as well as global downfall of the greenback. On the other side, they added, importers are being careful in buying goods from their foreign suppliers owing to the second wave of Covid-19.