KARACHI (Dunya News) – Pakistani rupee gained Rs1.50 against US dollar on Friday and is being traded at Rs162.50 in the open market. The greenback devalued in the interbank market by Rs1.05 and is being traded at Rs161.
The rupee had lost its value by Rs1.89 against US dollar on Thursday, and reached Rs164.05 in the interbank market.
Let it be known that US dollar had gained more than Rs7 against Pakistani rupee during the last two days, but its devaluation today is a positive sign for the deteriorating economy.
Stocks lose 311 points
On the other hand, Pakistan Stock Exchange (PSX) KSE-100 index lost 311 points and slipped to 33,462 points.