September 16, 2021
Rupee breaks downward slide, gains 94 paisas against US dollar
September 16, 2021
The Pakistani rupee broke a five-day losing streak on Thursday, gaining 0.56 per cent against the US dollar in the inter-bank market, an increase that comes after the currency registered fresh lows in the past two days.
According to the State Bank of Pakistan (SBP), the local currency closed at Rs168.18 on Thursday against the greenback, recording a gain of 94 paisas or 0.56 per cent.
Interbank closing #ExchangeRate for today:https://t.co/iN6blhzILJ pic.twitter.com/6VOKXo5uBk
— SBP (@StateBank_Pak) September 16, 2021
On Wednesday, the local currency continued its slide against the greenback, touching a new all-time low for the second straight day at 169.5 in the interbank market at the onset of trading session.
The currency has maintained the downturn since touching a 22-month high of Rs152.27 on May 14, losing a cumulative 9.4pc or Rs15.91 in the past four months.
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