Rupee sharply recovers by Rs4.06 against dollar in interbank market

Rupee sharply recovers by Rs4.06 against dollar in interbank market

KARACHI: The Pak Rupee sharply recovered by Rs4.06 against dollar in midday trading on Friday owing to inflows and ease in payment, dealers said.

The dollar is being traded at Rs160 in interbank foreign exchange market. A day earlier the dollar hit all time high at Rs164.06 in the foreign currency market.

Currency dealers said that the substantail inflows helped the rupee to gain. Further the recovery can also be attributed to ease in big payment of oil import, they added.

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