Pakistani rupee recorded a slight gain against the US dollar in the interbank market as the dollar slipped by three paisas, reflecting a modest improvement in currency stability. Moreover, the movement indicates a gradual easing of pressure on the local foreign exchange market. According to the State Bank of Pakistan, the dollar closed at Rs278.72 […]
interbank market
Pakistani rupee strengthens as dollar weakens interbank
The Pakistani rupee gained against the US dollar in the interbank market on Wednesday, supported by strong remittances and positive economic signals, while the open market dollar rate remained largely unchanged during trading. State Bank officials highlighted that Pakistan’s economy is performing better than IMF expectations, boosting market confidence. Rising inflows from overseas Pakistanis further […]