Rupee Closes at 160.62 against Dollar


ISLAMABAD: Pakistani rupee continued its upward trend for the tenth straight session. The USD-PKR parity gained 29 paisas in the interbank market today.

The inflows of workers’ remittances and export receipts offset the demand for import payment boosted the local currency.

Yaqoob Abubakar from Tresmark, an application that tracks financial markets said The rupee (PKR) appreciated by 29 paisas against US Dollar (USD) in today’s interbank session as it was closed at Rs. 160.62 per USD, against the last session’s closing of Rs. 160.91 per USD

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