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Saturday, November 2, 2024

Home Business Pakistani rupee’s winning streak against dollar ends; Check latest rates here

Pakistani rupee’s winning streak against dollar ends; Check latest rates here

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KARACHI – Pakistani rupee witnessed a slight dip, marking the end of winning streak amidst increased pressure for foreign currency demand for imports.

Data shared by the central bank shows local currency moving down in the inter-bank market on the first working day of the week.

As per the latest rates, the rupee settled at 283.90 after drop of Rs0.03.

US Dollar Rates in Pakistan

Last week, PKR continued its upward trajectory as it gained 0.40 percent to settle at 283.87 against the USD.

The rupee shows resistance and inched up against the dollar after announcement of IMF staff-level agreement (SLA) and foreign inflows.

USD to PKR

In open market, Pakistani rupee further gained momentum against the greenback on Monday.

The local currency was being quoted at 284.5 for selling and 281.5 for buying. Rupee gained 1.25 rupee for both buying and selling against USD, closing at 281.75 and 284.75.