Rupee appreciates by 32 paisa in early trade

MG News | August 30, 2019 at 10:08 AM GMT+05:00

0:00

August 30, 2019 (MLN): Pakistani Rupee (PKR) appreciated to PKR 156.90/157 per USD in early trade at interbank this morning, which is a jump of 32 paisa from yesterday's closing quote of PKR 157.22 per USD.

This is the first time in nearly two months that the rate has been at this level.

The local currency opened the session at 157.10/157.20 while deals have been reported at PKR 157 per dollar.

A possible reason for this appreciation is a higher supply of dollar than its demand.

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