Rupee strengthens vs dollar

KARACHI: The rupee continued its winning streak against the US dollar for the 10th consecutive session by gaining another Rs1.51 both in the interbank market on Monday.

The currency dealers said the dollar’s closing price was Rs213.98 against Rs215.49 in the interbank market.

The rupee strengthened by 11.58pc during the last 10 sessions but some experts believe that the country needs dollar inflows before the exchange rate changes its movement in favour of the dollar.

The open market reported the dollar was traded at Rs210 on Monday compared to Rs213 the previous day.

Published in Dawn, August 16th, 2022

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