The Pakistani rupee recorded minor gains against the dollar in the interbank foreign exchange market on Tuesday.

The greenback shed 12 paisas to reach Rs283.78 at the closing of the market, as against the closing of Rs283.9 the previous day.

In the open market, the buying of the dollar was recorded at Rs283.9 while it was quoted at 286 for selling at the time of filing the story.

The Pakistan Exchange (PSX) also witnessed a positive session as the benchmark KSE-100 Index gained 414.46 points or 0.63% to reach 66,426.78 levels at the closing of the trading session.

The KSE-30 Index gained 106.66 points or 0.48% to reach 22,154.72 levels at the closing of the market.

Meanwhile, the State Bank of Pakistan decided to maintain the policy rate at 22%, the central bank said in a statement.

“The decision does take into account the impact of the recent hike in gas prices on inflation in November, which was relatively higher than the MPC’s earlier expectation,” the SBP added.

It is pertinent to mention that the MPC has kept the interest rates unchanged for the fourth consecutive review.