Dollar falls to Rs166 in interbank as rupee makes slight recovery

Dollar falls to Rs166 in interbank as rupee makes slight recovery

The US dollar edged lower by Re1 on Friday to close at Rs166 in the interbank market compared to the opening value of Rs167, according to rates provided by the Exchange Companies Association of Pakistan (ECAP).

However, the rupee’s slight recovery came after a busy day with the dollar touching the intraday high of Rs169.5 — a record level for the greenback — before going back to around Rs165 in the first half as the State Bank of Pakistan reportedly injected its own liquidity to support the local currency.

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