Pakistani Rupee Records 25th Consecutive Gain Against US Dollar

The Pakistani rupee continued its positive momentum against the US dollar, appreciating by 0.01% in the inter-bank market on Thursday. At the close of trading, the rupee settled at Rs. 281.56, gaining Rs. 0.04 against the greenback. This marked the rupee’s 25th consecutive gain against the US dollar. On Wednesday, the local currency had closed at Rs. 281.60. According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs. 282.5 and Rs. 282.8, respectively. Meanwhile, the price of the Euro decreased by 27 paisa, closing at Rs. 329.20 compared to the previous day’s closing of Rs. 329.47, as per the State Bank of Pakistan (SBP). The Japanese yen remained unchanged, closing at Rs. 1.90. However, the British Pound saw a decline of 46 paisa, trading at Rs. 380.56 compared to the previous day’s rate of Rs. 381.02. Additionally, the exchange rates of the Emirates Dirham and the Saudi Riyal dropped by 02 paisa each, closing at Rs. 76.65 and Rs. 75.04, respectively.