KARACHI: After days of rally, the Pakistani rupee gave up some of therecent gains against the United States (US) dollar in the interbank marketon Wednesday.

According to the State Bank of Pakistan (SBP), the dollar appreciated by 64paisa to Rs160.46 against the local unit.

On Tuesday, the closing rate of the greenback was Rs159.82.

Last month, the rupee had hit a seven-month high of Rs158.70 against thedollar, becoming the third best-performing currency in Asia. The local unitcumulatively appreciated by Rs9.73 or 3.1 per cent against the greenbackover the past two and a half months since touching an all-time low ofRs168.43 in August last.