Pakistani rupee recovers against US dollar
- By Web Desk -
- Feb 17, 2022
ISLAMABAD: The Pakistani rupee recouped some losses against the United States (US) dollar in the interbank market on Thursday.
According to the data shared by the State Bank of Pakistan (SBP), the domestic currency closed at Rs175.39 against the greenback, showing appreciation of 29 paisas over the previous close of Rs175.67.
Interbank closing #ExchangeRate for today: https://t.co/JN8DQe52BJ pic.twitter.com/T6s3c6uZvF
— SBP (@StateBank_Pak) February 17, 2022
The Pakistani rupee declined by almost 12 per cent last year. The dollar flight continued despite multiple measures taken by the State Bank of Pakistan (SBP) to stabilise the exchange rate.
Also Read: Gold appreciates in Pakistan
The Federal Investigation Agency (FIA) is also continuously clamping down on hoarders and smugglers to restrict the outflow of the dollar in a bid to ease its demand.