Rupee gains on SBP anti-money laundering framework

KARACHI: The Pak Rupee gained two paisas against dollar on Tuesday as State Bank of Pakistan (SBP) issued a framework for banks to take action against trade based money laundering and terror financing.

The rupee ended Rs156.06 to the dollar from previous day’s closing of Rs156.08 in interbank foreign exchange market.

The foreign currency market was initiated in the range of Rs156.05 and Rs156.07. The market recorded day high of Rs156.10 and low of Rs156.00 and ended at Rs156.06.

The exchange rates in open market were remained unchanged. The buying and selling of dollar was recorded at Rs155.70/Rs156.20, the same previous day’s level, in cash ready market.

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