PKR strengthens by 11 paisas to 175.75 against USD

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KARACHI: Pakistani rupee started the week on a positive note against the US dollar by gaining 11 paisas (+0.06 percent). The State Bank of Pakistan said in a statement on Monday that the dollar opened at Rs175.86 in the interbank market and closed at Rs175.75. The rupee witnessed a trading range of 11 paisas during the session, showing the intraday high bid of 175.85 and low offer of 175.75. Within the open market, the rupee remained unchanged and was traded at 176.50/177.50 per dollar. Overall, the rupee shed Rs1.15 against the American currency during the last week, while it has depreciated by Rs18.32 during the ongoing fiscal year 2021-22. TLTP