Rupee appreciation journey continues for 6 consecutive trading days

Rupee appreciation journey continues for 6 consecutive trading days

KARACHI: The Pak Rupee appreciated for six consecutive trading days against the dollar on Friday owing to improved inflows of export receipts and workers’ remittances.

The rupee gained 25 paisas to end at Rs158.82 to the dollar from previous day’s closing of Rs159.07 in the interbank foreign exchange market.

The appreciation in the rupee value has been continued for the last six consecutive days. The rupee gained around Rs1.36 against the dollar after closing at Rs160.18 on February 03, 2021.

Currency experts said that improved inflows of export receipts and workers’ remittances helped the rupee to make gain against the foreign currency.

Pakistan’s exports have crossed over $2 billion for the fourth consecutive months in January 2021 for the first time in last eight years, a official statement said.