Rupee gains strength at interbank market

ISLAMABAD – August 11 (ONLINE) Rupee, which has been consistently recovering after falling to a record low last month, continued its upward momentum on Thursday.

The local currency closed at Rs218.88 against the dollar in the interbank market, up Rs3.03 or 1.38 per cent, according to the State Bank of Pakistan (SBP).

Meanwhile, in the open market, the rupee was being traded at 214.5 against the greenback at 4:30pm, according to data shared by the Forex Association of Pakistan (FAP).

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