The Pakistani rupee continued to strengthen against the US dollar in the open-market, and was selling at 318 during trading on Wednesday, as gap with the inter-bank rate narrowed further.
Dealers Business Recorder reached out to said the rupee was being quoted at 318 for selling and 315 for buying purposes for customers in the open-market, down Rs7 from Tuesday’s levels of 325 and 322.
The Exchange Companies Association of Pakistan (ECAP) also quoted rates at Rs313 and Rs316 during trading.
However, at the end of trading, the rupee settled at 323 and 320 for selling and buying, respectively, in the open market.
In the inter-bank market, the rupee appreciated marginally against the US dollar.