In the interbank currency market on Friday, the Pakistani rupee moved up by two paisas to Rs171.18 versus the US dollar.
The local currency finished at Rs171.18 versus the greenback, up two paisas from the previous closing of Rs171.20, according to the State Bank of Pakistan.
The US dollar continued to rise against the Pakistani rupee on Thursday, reaching a new high in the interbank currency market.
The greenback finished at Rs171.20 versus the local currency, up 7 paisas from the previous closing of Rs171.13, according to the State Bank.
Despite a variety of steps taken by the State Bank to relieve the pressure on the exchange rate, rising demand for the US dollar is driving up its value.