Rupee Gains Against the US Dollar Thanks to Relief from Japan

Rupee Gains Against the US Dollar Thanks to Relief from Japan
The Pakistan Rupee (PKR) changed tide against the US Dollar (USD) yesterday in the currency market after seven consecutive days of losses. Today, PKR continued its upward movement and appreciated by 26 paisas against the greenback.
PKR closed at Rs. 153.61 to the USD at the end of the trading day today (Thursday, 29 April) compared to Rs. 153.87 to the USD on Wednesday (28 April).
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A foreign exchange dealer said, “Today, the demand was lower, but the supplies were healthy due to strong remittances from overseas Pakistani workers in the holy month of Ramazan.”

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