KARACHI: Pakistani Rupee continued its winning streak against the US Dollar in the interbank market, as PKR gained another 14 paisas on Tuesday to push the greenback below the psychological level of Rs160. According to a tweet of the State Bank of Pakistan, the US dollar was opened at Rs160.11 and closed at Rs159.97. The Pakistani Rupee gained Rs1.11 in the last week against the greenback. “Given these factors, we expect the PKR to hover in the range of 159-161 till December 2020,” she said. The local currency has gained as much as six per cent against the dollar after hitting a low of Rs168.45 in August.

Source: Pakistan Today November 03, 2020 17:15 UTC