Rupee slips Rs0.42 against US dollar in interbank
October 25, 2018
KARACHI: The US dollar gained against the Pakistani rupee in the interbank and open market on Thursday.
In the interbank, the dollar gained Rs0.42 and was trading at Rs132.45. The open market saw the dollar gain Rs0.35 to trade at Rs131.75.
Yesterday, the dollar lost ground to the rupee by Rs1.89 in the interbank and Rs2.40 in the open market.
Meanwhile, the Pakistan Stock Exchange continued its bullish trajectory, propelled by renewed investor confidence after Saudi Arabia pledged to provide Islamabad with $6 billion in financial assistance.
The benchmark KSE-100 index gained another 763 points to push the index above 40,000 points. It was trading at around 40,040 points as of 11am.
The last instance when the PSX was trading above 40,000 points was on October 4, 2018, before Pakistan formally approached the International Monetary Fund for a bailout package.
