KARACHI: Pakistani rupee snapped the four-day losing streak against the US dollar in the inter-bank market on Friday with an appreciation of 13 paisas. According to data released by the State Bank, the rupee gained around 0.04 percent in value against the dollar over the previous session’s closing value. The data showed that the rupee gained Rs0.13 in value, improving from last session’s close of Rs278.44 to Rs278.31. The rupee depreciated by around 37 paisa this week, going down from 277.94 to 278.31 per US dollar. Overall, the rupee has improved by Rs9.98 against the greenback during the current fiscal year 2023-24. The local unit improved by Rs1.16 in March, Rs0.39 in February, Rs2.36 in January and Rs3.31 in December, while it shed Rs3.69 against the US dollar in November after gaining Rs6.26 (+2.23 percent) in the month of October. Meanwhile, the local unit in the open market was quoted at 278.25 for buying and 280.25 for selling, according to data provided by different exchange companies. The rupee surged against the greenback by Re1 in March and February, Rs2 in January and Rs3.50 in December. TLTP
