Dollar loses 38 paisas against rupee

The US dollar lost another 38 paisas against rupee and reached at Rs159.98 at the close of inter-bank trading on Thursday.

According to Pakistan Forex traders, the US dollar was being traded at Rs158 against the rupee.

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Earlier on Wednesday, the US dollar lost 76 paisas against the Pakistani currency and fall from Rs 161.12 to Rs 160.36 at the close of inter-bank trading. At the trading opening, the dollar took a further dive as it lost Rs1.62 in value against the Pakistani currency. The dollar slumped by Rs1.62 in inter-bank and reached at Rs159.59 against the Pakistani rupee.

While on Tuesday, the US dollar took a major hit as it lost Rs 2.37 in value against the Pakistani currency at the closing time of trading. The dollar slumped by Rs 2.37 in inter-bank and reached at Rs 161.12 against the Pakistani rupee.