Rupee recovers 12 paisas against dollar

Rupee recovers 12 paisas against dollar

KARACHI: The Pak Rupee recovered 12 paisas against dollar on Thursday owing to improved economic indicators, dealers said.

The rupee ended Rs166.40 to the dollar from previous day’s closing of Rs166.52 in interbank foreign exchange market.

Currency experts said that positive sentiments prevailed in the foreign exchange market due to launching of roshan digital accounts by the State Bank of Pakistan (SBP) for overseas Pakistanis.

They said that the investors hoped significant inflows of the foreign currency under this initiative of the government.

The rupee recovered the value after losing 76 paisas during first three days of the current week.

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