KARACHI: The Pakistani rupee appreciated 32 paisas against the United States (US) dollar in the interbank currency market on Friday.
According to the State Bank of Pakistan (SBP), the local currency closed at Rs152.28 against the greenback, registering appreciation of 32 paisas (0.21%) over the previous close of Rs152.60.
Interbank closing #ExchangeRate for today:https://t.co/RwEfySJDzM pic.twitter.com/d9KYJakiYH
— SBP (@StateBank_Pak) May 7, 2021
The local unit has gained considerable ground on the back of improved foreign exchange reserves, current account surplus, foreign loan receipts, higher remittances besides less demand of dollar due to the ongoing pandemic.
Also Read: SBP reserves fall $830m to $15.59bn
The rupee has recovered more than Rs15 during the last seven months since it touched an all-time low of Rs168.43 last year in August.
 dollar in the interbank currency market on Friday.){kind=link}