Rupee-drops-to-two-week-low-at-Rs172.93-gold-rises-The-Correspondent

The Pakistani rupee continued its rally against the US dollar, extending its gains in the interbank market for the 13th consecutive session on Tuesday.

According to Forex Association of Pakistan (FAP), the dollar was being traded at Rs216.98 at around 10:40 am.

The banks were selling the greenback at Rs217.30. In open market, the dollar was being traded between Rs216 to Rs218.

The rupee has recovered by Rs19.79 or 8.26% in the last 11 sessions after falling close to an all-time low of Rs239.94 on Sept 22.

A day earlier, the Pakistani rupee gained Rs1.96 to close at Rs217.97 today, according to the State Bank of Pakistan (SBP). This amounts to an appreciation of 0.89 per cent.

The story was filed by the News Desk. The Desk can be reached at info@thecorrespondent.com.pk.

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