KARACHI: December 6, 2022: Updated at 4.30 PM. US dollar made hefty gain to raise its value to Rs 224.20 at closing of the working session here on Tuesday.
Earlier updated at 12.40 PM
Pakistan currency market on Tuesday witnessed rebounding of pound sterling at the closing of mid day session on Tuesday.
Pound sterling which had made massive gains in the last four consecutive sessions lost its shine and it resulted in shedding of Rs 2.90. Pound sterling had closed at Rs 290 on Monday. It , however, tumbled and settled down at Rs 287.10 at the closing of mid day trade in the domestic currency market.\
Other major currencies including Saudi Riyal, UAE dirham and Euro showed stability in their rates till closing of mid day trade on Tuesday.
In interbank ,US dollar made gain of 20 paisa to its last day value and soared to Rs 223.90 against its last day’s value of Rs 223.70 against the local unit. US dollar and the rupee are struggling to ditch each other during the last four working sessions and both important currencies are showing ping pong since December 1, 2022.
Saudi Riyal remained pegged to its last day’s value of Rs 63 . UAE dirham also show no change in its value and it closed at Rs 65 in the domestic market on Tuesday .
Euro shed 50 paisa and closed at Rs 247.50 against its last day’s value of Rs 248 .
