Karachi: The rupee continued to appreciate against the dollar in both the interbank and open foreign exchange markets.

According to, the rupee appreciated against the dollar for the 46th consecutive day on Friday in both the foreign exchange markets due to the declining trend in global crude oil prices, expected joint ventures of Bahraini companies in Pakistan’s IT, agriculture, minerals, energy and other sectors, as well as export agreements worth $641 million at the Food and Egg Exhibition.

The dollar continued to depreciate throughout the trading period in the interbank market due to reports that investment agreements in the energy, technology and minerals sectors with Australia, in collaboration with the Special Investment Facilitation Council (SIFC), have entered the final stages.

At one point in the interbank market, the dollar had fallen by 22 paise to Rs 280.33, but due to increased pressure from import and foreign payments during the trading session, the dollar fell by another 03 paise to close at Rs 280.52 at the end of the trading session.

In the open currency market, the dollar also fell by 04 paise to close at Rs 281.56.