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Friday, May 03, 2024  
25 Shawwal 1445  

Rupee slides by 90 paisas in interbank market

PSX stays in the positive zone
This photo taken on July 17, 2018 shows a Pakistani currency dealer counting US dollars banknotes at a currency exchange shop in Karachi - AFP
This photo taken on July 17, 2018 shows a Pakistani currency dealer counting US dollars banknotes at a currency exchange shop in Karachi - AFP

The rupee recorded a decline of 90 paisas against the dollar in the interbank foreign exchange market on Tuesday.

The foreign currency was trading at Rs287.54 at the closing of the interbank market, as against Rs286.64 the previous day.

Meanwhile, the dollar declined by 50 paisas to reach Rs290.5 in the open market.

The Pakistan Stock Exchange closed in a green zone as the benchmark KSE-100 Index recorded a gain of 195.91 points, or 0.41% to close at closed at 48230.5 on Tuesday.

The KSE-100 Index commenced the day on a strong note where the benchmark Index made an intraday high at 48,442 levels, up 0.85% on the back of a status quo announced by the Monetary Policy Committee, an analyst at Topline Securities said.

The KSE-100 Index increased by 63.34 points, 0.37%, to close at 17259.89 points.

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PSX

pakistan stock exchange

dollar rates

Pakistan Rupee

US Dollar

Monetary Policy Committee

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