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Home Business USD to PKR: Rupee appreciates against US dollar in interbank

USD to PKR: Rupee appreciates against US dollar in interbank

by Web Desk Staff
February 14, 2023
in Business

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Islamabad: The Pakistani rupee (PKR) appreciated against the US dollar (USD) in the interbank market during the intraday trading on Tuesday.

At around 10:10 am, the rupee was trading at Rs266.75 during intraday trading, an increase of Rs2.69.

The gain comes after the rupee witnessed a marginal decline against the US dollar on Monday, closing at Rs269.44 against the greenback, a depreciation of Rs0.16 or 0.06%.

The PKR started its upward movement against the USD as the virtual talks between Pakistan and the International Monetary Fund (IMF) kickstarted on Monday for the revival of the long-stalled EFF program.

After 10 rounds of talks between the two sides, the IMF delegations had left the country last week without signing a staff-level agreement (SLA).

This is an intraday trading update.