Pakistan Rupee

Rupee recovers Rs14.58 against dollar during current fiscal year

Money & Banking

KARACHI: The rupee recovered Rs14.58 against the dollar during first nine months (July – March) of fiscal year 2020/2021.

The rupee ended Rs153.09 on closing of March 30, 2021 as it was started the fiscal year Rs167.67 to the dollar.

The rupee gained 95 paisas to close at Rs153.09 to the dollar on Tuesday as compared with previous day’s closing of Rs154.04 in the interbank foreign exchange market.

Currency experts said that alarming rise in coronavirus cases had discouraged the demand of the foreign currency for import payment.

The rupee also recovered Rs5.01 against the dollar during March 01 to March 30, 2021.

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