The Pakistani rupee gained further as the US dollar continued its downward trend for the third consecutive session on Tuesday.
The dollar depreciated by Rs 3.20 against the rupee on Tuesday and was trading at Rs 234 in the interbank market by 10:30 am, as the local unit continued its series of losses over several sessions in the last business week. had to face
The dollar has so far fallen by Rs 5.15 in the interbank market, with just two days left in the trading week.
On Friday, the local currency finally broke its losing streak against the dollar on the last trading day of the outgoing week after a 15-session losing streak.
The rupee came close to hitting a record low of 240 against the dollar but failed to do so after several positive signs despite deadly floods ravaging Pakistan’s economy.
