Categories: Latest News

Rupee registers gain against dollar

The rupee registers a gain against the dollar following Dar’s imminent return to the country.

After suffering consecutive losses during several previous sessions, the local kicked off the week’s trading on a positive note.

The value of the US dollar dropped by Rs3.65 in the interbank market Monday morning hours.

According to the State Bank of Pakistan (SBP), in the interbank market, the rupee gained 2.63 against the dollar to reach 237.02,  up in value from the previous session’s close of 239.65.

Related Post

In the past few weeks, the difference between interbank and open bank rates had grown to over Rs10.

It seems like the market is responding to PML-N leader Ishaq Dar’s appointment as the finance minister replacing Miftah Ismail.

The reports of Ishaq Dar’s return also made an impact on the Pakistan Stock Exchange (PSX) with the benchmark KSE-100 index closing 531.33 points or 1.29% higher at 41151.54.

Saman Siddiqui

Recent Posts

  • Entertainment News

Maula Jatt’s Rajjo, Saima Baloch set to feature in ‘Super Punjabi’

Maula Jatt’s Rajjo, Saima Baloch is all set to feature in another Punjabi film 'Super…

6 hours ago
  • Latest News

Gold price shoots to an all-time high in Pakistan

Gold price shoots to an all-time high in Pakistan on Friday. With a fresh increment…

9 hours ago
  • Latest News

Attack on Pakistani embassy in Kabul; Head of mission survives assassination attempt

Attack on Pakistani embassy in Kabul, head of mission survives assassination attempt on Friday. Reacting…

10 hours ago
  • Technology

Google Temporarily Suspends Carrier Paid Apps in Pakistan

Google on Friday has temporarily suspended carrier paid apps in the Play Store for Pakistani…

10 hours ago
  • Latest News

Imran Khan invites govt to hold conditional talks

PTI Chairman Imran Khan on Friday has invited the government to hold conditional talks! Giving…

10 hours ago
  • Latest News

Three ANF officials suspended over viral video of showing them accepting bribes

Three ANF officials suspended over viral video of showing them accepting bribes! The development comes…

11 hours ago