KARACHI: The United States (US) dollar continued to rise against the Pakistani rupee in the interbank currency market on Thursday.
According to the State Bank of Pakistan (SBP), the greenback gained Rs1.26 against the Pakistan rupee to close at Rs174.19 on the fourth business day of the ongoing week.
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The US dollar had closed at Rs172.93 against the rupee the other day, the State Bank Pakistan (SBP) said.
The local currency started recovering from its steep fall against the US dollar on Oct 27, after the government announced Saudi Arabia’s financial support of up to $4.2 billion, raising the central bank’s foreign exchange reserves and boosting the sentiments of the currency market.
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A week later, however, the rupee snapped its winning streak and began reversing gains.
It is pertinent to mention here that the Kingdom deposited $3 billion with the central bank and extended $1.2 billion of trade finance to support the country’s balance of payments.
 dollar continued to rise against the Pakistani rupee in the interbank currency market on Thursday.){kind=link}