KARACHI: Pakistani rupee made gains against the US dollar in the inter-bank market for the second straight session and improved by 25 paisas on Friday.
The State Bank of Pakistan (SBP) said that the rupee opened at 279.29 against the dollar in the interbank market and closed at 279.04, appreciating by 0.1 percent. The local unit gained 15 paisas this week against the greenback. This marks the second consecutive weekly win witnessed by the domestic unit against the mighty dollar.
Overall, the rupee has improved by Rs9.25 during the current fiscal year 2023-24. The local unit improved by Rs0.39 in February, Rs2.36 in January and Rs3.31 in December, while it shed Rs3.69 against the US dollar in November after gaining Rs6.26 (+2.23 percent) against the greenback in the month of October. – TLTP