Pakistani Rupee further gains strength against US dollar
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ISLAMABAD - Pakistani Rupee makes further gains strength against US dollar in the interbank market.
Pakistani rupee continued to gain strength in the currency market on Friday as the value of the US dollar slid in the interbank as well as the open market, a private media outlet reported link .
The greenback shed its value by Re0.35 in the interbank and was traded against Rs148.15. Similarly, the dollar shed its value by Re1 in the open market to be traded at Rs148.50.
According to currency dealers, the increasing inflows of remittances in connection with Eidul Fitr have supported the local rupee in the market.
They said the majority of inflows came from Saudi Arabia and other Gulf countries, including the United Arab Emirates (UAE).
