KARACHI: The Pakistani rupee recouped some losses against the United States (US) dollar in the interbank market on Monday.
According to the State Bank of Pakistan (SBP), the domestic unit closed at Rs175.75 against the greenback, registering an appreciation of 11 paisa over Friday’s close of Rs175.86.
In the open market, however, the dollar traded at Rs176.70 against the rupee.
Earlier, the State Bank of Pakistan (SBP) said foreign direct investment (FDI) declined by 34.65 per cent year-on-year in January 2022.
January attracted a foreign investment of $110 million, down 34.65 per cent compared to Jan 2021. The decline was even higher at 49.70pc when compared to December 2021.
The highest inflow was received from China, which clocked in at $53.68 million, followed by $19.68 million from the United States (US).
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Meanwhile, the price of 24 karat per tola gold witnessed a decrease of Rs 100 and was sold at Rs 127,000 on Monday against its sale at Rs 127,100 in the local market the previous day.
The price of 10 gram 24 karat gold also decreased by Rs 86 to Rs 108,882 from Rs 108,968 whereas that of 10 gram 22 karat went down to Rs 99,808 from Rs 99,887, All Sindh Sarafa Jewellers Association reported.
The price of per tola and ten-gram silver remained constant at Rs 1460 and Rs 1251.71 respectively.
The price of gold in the international market decreased by $4 and was traded at US$ 1896 against its sale at US$ 1900, the association reported.
