Pakistani rupee ends 2020 on a positive note
- By Web Desk -
- Dec 31, 2020
KARACHI: The Pakistani rupee extended gains against the United States (US) dollar on the last trading day of the year 2020 as the local unit appreciated by Rs0.45 (0.28%) in the interbank market on Thursday.
According to the State Bank of Pakistan (SBP), the rupee closed at Rs159.83 against the dollar as compared to yesterday’s closing rate of Rs160.28.
Interbank closing #ExchangeRate for today: https://t.co/TFxD9Hw8Px pic.twitter.com/qr8261l2x2
— SBP (@StateBank_Pak) December 31, 2020
In November, the rupee had hit a seven-month high of Rs158.70 against the dollar, becoming the third best-performing currency in Asia. The local unit had cumulatively appreciated by Rs9.73 or 3.1 per cent against the greenback since touching an all-time low of Rs168.43 in August last.