Rupee makes sharp recovery of 44 paisas against dollar

KARACHI: The Pak Rupee made a sharp recovery of 44 paisas against dollar on Thursday on peace message sent by Pakistan after giving strong response to Indian aggression.

The rupee ended Rs138.82 to the dollar as compared with last day’s closing of Rs139.25 in interbank foreign exchange market.

The rupee was depreciated massively last day against dollar.

However, yesterday Pakistan shot down two Indian fighter jets in response to Indian violation of Pakistan airspace a day earlier.

Dealers said that the sentiments were positive in foreign currency market as economic indictors showing improvement.

The interbank foreign exchange market was initiated in the range of Rs139.20 and Rs139.25.

The market recorded a high of Rs139.20 and low of Rs138.80 and closed at Rs138.82.

The exchange rate however has shown some negative trend.

The buying and selling of dollar was recorded at Rs139.00/Rs139.50 from previous day’s closing of Rs138.70/Rs139.20 in cash ready market.

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