Rupees Odd Consistent Gain Against US Dollar Continues

The Pakistani rupee continued its positive trend on Wednesday, posting a marginal gain against the US dollar in the inter-bank market. At the close of trading, the rupee was valued at Rs. 281.50, appreciating by Rs. 0.01 against the greenback. This marked the 29th consecutive gain for the local currency. On Tuesday, the rupee had settled at Rs. 281.51. According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market were recorded at Rs. 282.45 and Rs. 282.65, respectively. Meanwhile, the Euro saw a modest increase of Rs 1.34, closing at Rs. 333.35, up from the previous day’s Rs. 332.01, according to the State Bank of Pakistan (SBP). The Japanese yen remained unchanged at Rs. 1.91. The British Pound experienced a slight rise, gaining 20 paisa to close at Rs. 383.81, compared to Rs. 383.61 the day before. The Emirates Dirham held steady at Rs. 76.64, while the Saudi Riyal slipped by 2 paisa to end the day at Rs. 75.03.