Rupee appreciates 38 paisa against dollar

Published March 25, 2021
This is the first time since March 6, 2020, that the dollar has fallen below the Rs155 level. — AFP/File
This is the first time since March 6, 2020, that the dollar has fallen below the Rs155 level. — AFP/File

The rupee appreciated 38 paisa against the US dollar in today's interbank session, closing the day at Rs155.01, against yesterday's close of Rs155.39.

The rupee endured a relatively dull session after opening stronger, with very little intraday movement, trading in a range of 15 paisa, showing an intraday high of Rs154.98 and an intraday low of Rs155.13.

In the open market, the rupee was quoted at Rs155 per dollar.

Meanwhile, the currency gained 95 paisa against the British pound as the day's closing quote stood at Rs212.1, while the previous session closed at Rs213.05.

Similarly, the rupee strengthened by 83 paisa against the Euro, which closed at Rs182.99 at the interbank today.

On another note, within the money market, the State Bank of Pakistan (SBP) conducted an Open Market Operation in which it injected Rs.769 billion for 8 days at 7.04 percent.

The overnight repo rate towards close of the session was 7.10/7.20 percent, whereas the one-week rate was 7.03/7.08 per cent.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

By-election trends
Updated 23 Apr, 2024

By-election trends

Unless the culture of violence and rigging is rooted out, the credibility of the electoral process in Pakistan will continue to remain under a cloud.
Privatising PIA
23 Apr, 2024

Privatising PIA

FINANCE Minister Muhammad Aurangzeb’s reaffirmation that the process of disinvestment of the loss-making national...
Suffering in captivity
23 Apr, 2024

Suffering in captivity

YET another animal — a lioness — is critically ill at the Karachi Zoo. The feline, emaciated and barely able to...
Not without reform
Updated 22 Apr, 2024

Not without reform

The problem with us is that our ruling elite is still trying to find a way around the tough reforms that will hit their privileges.
Raisi’s visit
22 Apr, 2024

Raisi’s visit

IRANIAN President Ebrahim Raisi, who begins his three-day trip to Pakistan today, will be visiting the country ...
Janus-faced
22 Apr, 2024

Janus-faced

THE US has done it again. While officially insisting it is committed to a peaceful resolution to the...