Slower, but rupee continues to make gains against US dollar

Karachi (HRNW) The Pakistani rupee started the business week on a positive note, appreciating for a sixth consecutive day to Rs227.29 on Monday during trading in the interbank market.

According to data released by the State Bank of Pakistan (SBP) on Monday afternoon, the rupee once again appreciated by 0.51%, or gaining around Rs1.16 in value against the greenback.

This meant that the cost of a US dollar fell from Rs228.45 at the close on Friday, September 30, to Rs227.29 on Monday afternoon.