KARACHI: The Pak Rupee ended the year 2020 at Rs159.83 to the dollar, gaining 45 paisas on Thursday from previous day’s closing value. However, the local unit fell by Rs4.96 against dollar during the year.
The rupee ended Rs159.83 to the dollar on December 31, 2020 on Thursday from previous day’s closing of Rs160.28 in the interbank foreign exchange market.
The currency experts said that the market witnessed sufficient supply of the foreign currency during the day offsetting the demand for import and corporate payments.
During the year 2020, the local unit witnessed a decline of Rs4.96 against the dollar. The rupee ended the year at Rs159.83 as compared with the value of Rs154.87 to the dollar on January 02, 2020.
The dollar value reached to all time high of Rs168.43 on August 26, 2020.
