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Rupee Strengthens Against the US Dollar for 6th Consecutive Day Closing Below 170

Nov 03, 2021

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5 min read

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Legal Editorial Desk

Rupee Strengthens Against the US Dollar for 6th Consecutive Day Closing Below 170

The Pakistani Rupee continued to improve against the dollar and posted strong gains against the USD on Wednesday. PKR gained 57 paisas against the dollar and closed at 169.97, posting a growth of 3.12 percent since crashing to an all-time low in October. On Tuesday, the local currency continued its bullish run towards recovery, a trend previously observed in April 2020. PKR added 75 paisas against the dollar and closed at 170.54 in the interbank market yesterday.

Editorial & Legal Practice Group

Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.

Advocates High Court & Tax Counsel Jurisdiction: Pakistan