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Sunday, November 24, 2024

Home Pakistan Rupee makes slight gain against US dollar in interbank market

Rupee makes slight gain against US dollar in interbank market

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ISLAMABAD – Pakistani rupee shows resistance against the greenback, gaining marginal gains in the inter-bank market.

Data shared by State Bank of Pakistan said the local currency gained Rs0.45 and settled at 287.46.

In the previous trading sessions, the rupee weakened against the dollar, remaining under pressure.

Interbank closing #ExchangeRate for today https://t.co/I4yOfu9vbF #SBPExchangeRate pic.twitter.com/mrdsYLhGnx

— SBP (@StateBank_Pak) August 9, 2023

Globally, USD hold on to overnight gains against leading peers as investors sought the safety of the currency.

Experts claim that pressure would stay on the Pakistani rupee as import curbs are being removed in light of demands made by the International Monetary Fund (IMF).