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Home Economy

Rupee hits five-month high against dollar as greenback falls to Rs161.82

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Pakistan’s Foreign Reserves Surge to $12.066 Billion
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Pakistani Rupee gained 60 paisas against the US Dollar on Thursday, closing the session at a five-month high of Rs161.82 in the open market, according to data released by the Exchange Companies Association of Pakistan (ECAP).

The rupee’s appreciation comes on the heels of a record current account surplus of $792 million in the first quarter of the current fiscal year, as reported by the State Bank of Pakistan (SBP)

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