KARACHI – Pakistani rupee rebounded from an all-time low this year but it remained under pressure against the dollar as the pressure of import payments advanced.
Data shared by the State Bank suggests that the local currency moved down for the third successive session against the greenback in the inter-bank market.
US dollar rate in Pakistan today
Following two negative sessions, the local currency settled at 285.64, with drop of Rs0.27.
Last week, rupee extended its winning streak as it appreciated 0.40 percent to settle at 285.37 against the USD in inter-bank market.
USD to PKR
In the open market, the condition remains the same for the Pakistani rupee as it also suffered further losses against dollar.
The local unit was being quoted at 287 for selling and 284 for buying purposes.
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