The rupee gained 79 paisa against the dollar in the inter-bank market on Wednesday. The local currency was being traded at Rs217 in the early morning trade.

The rupee closed at Rs217.79 in the inter-bank market on Tuesday, the State Bank of Pakistan reported.

The central bank reported on Tuesday that workers’ remittances recorded an inflow of $2.4 billion, indicating a decrease of 10.5 per cent over the previous month, in September 2022.

This is a developing story and will be updated accordingly.