Pakistani Rupee slightly recovers back against US dollar

KARACHI – Pakistani rupee resuscitated itself Tuesday against the US dollarin the interbank market by recording slight gains.

During the intra-day trading, the local currency appreciated by Rs0.28against the US greenback and was quoted at 283.30.

On Monday, PKR was unable to continue momentum against the high-flyingdollar, settling at 283.58 in the inter-bank market, with a decrease ofRe0.38.

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In the international market, US dollar plummet for the second day asreceding fears of a major banking crisis sapped demand for the safestassets.