PKR recovers to 177.50 against USD with 33 paisas gain

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KARACHI : Pakistani rupee snapped a two-day losing streak against the US dollar by recovering 33 paisas (+0.19 percent) on Friday. The State Bank of Pakistan said in a statement that the dollar opened at Rs177.83 in the interbank market and closed at Rs177.50. The rupee witnessed a trading range of 25 paisas during the session, showing the intraday high bid of 177.75 and low offer of 177.60. Within the open market, the rupee was traded unchanged at 177.50/178.50 per dollar. On the other hand, the US Dollar Index, which gauges the greenback against a basket of its main competitors, gained 0.29 percent to reach 98.02, the level last seen back in June 2020. TLTP