Dollar falls to Rs159.35 as Re gains 21 paisas

KARACHI: Pakistani rupee gained 21 paisas (+0.13 percent) against the US dollar in the interbank on Tuesday.

According to the State Bank of Pakistan, the US dollar was opened at Rs159.56 and closed at Rs159.35. The local currency has gained Re0.64 against the greenback during the last two days.

The rupee endured a relatively dull trading session with very little intraday movement, trading in a range of 32 paisa per USD showing an intraday high bid of Rs159.52 and an intraday low offer of Rs159.25.

According to analysts the rupee has been appreciating on the back of higher inflows in recent days as well as record export receipts during the last four months. Pakistan’s exports have crossed over $2 billion for the fourth consecutive months in January 2021 for the first time in the last eight years, an official statement said. – TLTP

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