PKR recovers 21 paisas against USD after SBP bill passage

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KARACHI: Pakistani rupee strengthened against the US dollar for the first time during the current week by 21 paisas (+0.12 percent). The State Bank of Pakistan said in a statement on Friday that the dollar opened at Rs176.98 in the interbank market and closed at Rs176.77. The rupee witnessed a trading range of 23 paisas during the session, showing the intraday high bid of 176.80 and low offer of 176.75. Within the open market, the rupee was traded at 178/179 per dollar. Overall Pakistan rupee shed 53 paisas against the US dollar during the last four days, while it has depreciated by 26 paisas during the current year 2022. TLTP