KARACHI: Pakistani rupee snapped a five-day winning streak against the US dollar in the inter-bank market and depreciated by 14 paisas (-0.05 percent) on Thursday. The State Bank of Pakistan (SBP) said that the rupee opened at 285.13 against the dollar in the interbank market and closed at 285.27. The rupee improved by 53 paisas last week and Rs1.89 during the current fiscal year 2023-24. However, the rupee depreciated by Rs54.43 in the current year. The rupee gained Rs6.26 (+2.23 percent) against the greenback in the month of October. The currency surged more than 6 percent in September to become the top performer in the world. However, the Pakistani rupee remained unchanged against the greenback in the open market. The rupee was quoted in the range of 284-287 a dollar as compared to the same range in the previous session. The rupee has recovered by Rs41.5 against the dollar in the last 55 sessions in the open market. TLTP
