KARACHI: The rupee on Tuesday soared to one-year high against the US dollar at Rs156.72 in the interbank market.

The dollar was traded at Rs156.58 on March 9, 2020. The local currency has been recovering gradually against the greenback on account of improved foreign exchange reserves, higher remittances and current account surplus.

The dollar has lost over 7pc against the rupee after hitting an all-time high of Rs168.43 in August 2020.

Published in Dawn, March 17th, 2021