F.P. Report
KARACHI: The US dollar, after descending to Rs206.50 in the interbank market on Monday, gained momentum as it recovered sharply against the Pakistani rupee to close at Rs207.94, with an appreciation of 48 paisas, local news channel reported, citing the Daily Exchange Rates issued by the State Bank of Pakistan.
Earlier, the Pakistani rupee had pummeled the US dollar, for it was traded at Rs206.50 in the interbank with the appreciation of 73 paisas against the greenback.
While on Friday, the Pakistani currency was in a fluid mode as it had lost 25 paisas to the US dollar after reaping a healthy gain of Rs4.70 on the back of good economic vibes.
In the trading activity on Friday, the dollar seemed to regain its strength and appreciated by Rs1.27 and was once traded at Rs208.50. But in the end, the greenback appreciated only 25 paisas, concluding the day at Rs207.48.
