According to the State Bank of Pakistan, the US dollar opened at Rs155.69 and closed at Rs155.92. Pakistani rupee shed Rs1.30 against the US dollar during the last four days. Within the open market, the US dollar was traded at Rs155.50/156.20. However, the local unit has gained Rs13.13 against the greenback in the current fiscal year 2020-21 while appreciation has been Rs3.92 in 2021.
Currency experts said that the rupee remained under pressure due to higher import and corporate payment demands ahead of the budget announcement.
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