Pakistan rupee recovered late to remain stable against the US dollar at theclose of the interbank trading Saturday after losing a little shine inearly hours.
Pakistani rupee made a comeback in interbank trading as the greenbackgained 6 paisa in its value in early trading.
According to data provided by the money dealers on Monday, the exchangerate recorded a decline of 6 paisa and the US dollar was traded at Rs225 inthe interbank trading.
However, at the close of the say, the Pakistan rupee was being traded forRs224.94 the same as the last day of the precious trading week.
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The rupee is under pressure on the back of depleting foreign reserves,falling remittances, slow manufacturing and declining exports.
According to the State Bank of Pakistan, country’s foreign exchangereserves have eased by $12 million to $12.57 billion by week ended December09, 2022.
