US Dollar gains ground against PKR

Pakistan’s rupee lost ground against the US dollar on fourth business day of the week and recorded a fresh depreciation.

According to details, the local currency depreciated by 57 paisa against the greenback which was being traded around 222. The rupee had closed at Rs221.43 on Wednesday, according to Pakistan’s central bank data.

However, despite the fresh depreciation, the rupee has cumulatively recovered by Rs17.94 from its record low of Rs239.94 against the dollar.

ePaper - Nawaiwaqt