Rupee rises 62 paisa against US dollar

Rupee Rise against Dollar

KARACHI: The Pakistani rupee appreciated 62 paisas against the United States (US) dollar in the interbank currency market on Wednesday.

According to the State Bank of Pakistan (SBP), the local currency closed at Rs153.88 against the greenback, registering appreciation of 62 paisas (0.40%) over the previous close of Rs154.50.

On April 28, the rupee had appreciated to 152.95 against the dollar, hitting a 22-month high.

The rupee has recovered more than Rs15 during the last seven months since it touched an all-time low of Rs168.43 last year in August.

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