Karachi: Pakistani Rupee on Wednesday witnessed 12th consecutive recovery session as it gained Rs1.02 against the US dollar in the interbank trading and closed at Rs 293.88 against the previous day’s closing of Rs 294.90.
Interbank closing #ExchangeRate for today https://t.co/3CQrkLVlqE#SBPExchangeRate pic.twitter.com/Pav6mWZVP0
— SBP (@StateBank_Pak) September 20, 2023
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 293.6 and Rs 296.5 respectively.
Dollar rates in Open Market turn puzzle
The USA dollar rates on Wednesday became a riddle as difference of Rs 1 erupted in open market between Exchange Companies Association (ECA)and Forex Association.
The ECA issued dollar rates Rs 297 adding that the greenback appreciated by Rs 1 turned to Rs 297.
On the other hand, FA has issued dollar rates Rs 296.
