Rupee turns in mixed performance

The rupee continued to strengthen against the US dollar in the interbank market on Wednesday but fell in the open market, reported dawn.com. The development comes a day after the rupee rose 0.42 per cent in the interbank market to below 300, a barrier it crossed for the first time on Aug 24. According to the State Bank of Pakistan, the rupee gained 1.07 against the greenback, from yesterday’s close of 299.89, to close at 298.82 today. Meanwhile, the Forex Association of Pakistan (FAP) said that the rupee depreciated in the open market. The dollar was changing hands at Rs301 after remaining unchanged on Tuesday at 300.