USD appreciates against PKR after long period of depreciation
- By Web Desk -
- Apr 24, 2020
KARACHI: The US dollar (USD) registered appreciation against the Pakistani rupee (PKR) in the interbank market on Friday after consistent depreciation, ARY News reported.
According to details, the value of the greenback surged by 0.22 paisa today to trade at Rs160.20 in the interbank market.
Read More: US Dollar continues to dwindle against Pakistani Rupee
Earlier on April 7, the US dollar hit an all-time high against the Pakistani rupee in the interbank market.
The value of the greenback surged by 0.92 paisa today to trade at Rs167.90 in the interbank market.
Dollar had soared by Rs9.23 during the preovious high.
Read More: Pak rupee jumps by Rs1.62 against US Dollar
The first major depreciation came on April 17, The Pakistani rupee rose by Rs3.38 against the US dollar in the interbank market.
According to forex dealers, the rupee appreciated by three rupees and traded at Rs163.50.