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Published 01 Aug, 2023 07:48pm

Rupee slides by 90 paisas in interbank market

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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