Pakistani rupee shed Rs0.73 against the US dollar during this week. However, the local unit has gained Rs10.42 against the greenback in the current fiscal year 2020-21 while appreciation has been Rs2.27 in 2021.
The currency experts said that the rupee strengthened because a sufficient supply of the dollars in the shape of export receipts and workers’ remittances were seen during the day. They said that the demand for the foreign currency remained high during the day due to corporate and import payments. They said that the rupee witnessed a continuous decline against the dollar during this week owing to demand for import and corporate payments.
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