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Friday, November 15, 2024

Home Business Pakistani rupee continues to recover against US dollar in inter-bank

Pakistani rupee continues to recover against US dollar in inter-bank

by Web Desk (Lahore)
January 4, 2024
in Business

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KARACHI – Pakistani currency continued its upward trend against US dollar in inter-bank market as well on Monday as the gap with the open bank market amid positive economic cues.

Data shared by State Bank suggests that the Pakistani rupee moved up by Rs0.05 in the inter-bank market on Thursday.

With the latest change, rupee closed at 281.67 as the rupee registered a marginal gain to settle against the greenback.

US Dollar Price in Pakistan

In open market, the rupee followed suit, getting gains against the USD. Foreign exchange reserves held central bank also marked a surge on weekly basis.