Rupee gets stronger due to lower dollar value

Pakistan's rupee depreciated against the US dollar in 20 countries in the open market on Friday and closed at Rs 156.70.

In the interbank market, the dollar fell in 6 countries to close at 156.32.

The rupee was traded in a very narrow range of 56 paise in dollars, with a maximum intraday offer of 156.80 and a low intraday bid of 156.28.

During the week, the currency gained 53 paise against the dollar, a US dollar at 156.86 PKR after the close of the previous week.

In the open market, PKR traded at 156.20 / 157.50 for a dollar.

Alternatively, the currency fell 39 paise against the British pound, as the day's closing price was 192.27 PKR per GBP, while the previous session closed at 191.88 PKR per GBP.

On the other hand, PKR value strengthened in 3 countries compared to Euro, which today closed at 172.56 PKR within Interbank Bank.

Also, in the currency market, State Bank of Pakistan (SBP) operated an open market, in which it injected Rs 1.21 billion at 13.32% for 7 days.

The pension rate at the end of the session was 13.25 / 13.50%, while the one-week rate was 13.30 / 13.40%.