The dollar has further appreciated against the rupee in the exchange market, reflecting ongoing fluctuations in currency values.
On the first day of the business week, the dollar increased by nine paisas, reaching Rs278.60 in the interbank market, according to currency dealers.
This rise follows a period of relative stability in the interbank market last week, where the dollar maintained a value of Rs278.51.
Also Read: Gold rates in Pakistan witness slight decrease
In contrast, the open market saw more significant fluctuations. During the last week, the value of the dollar rose by 12 paisas, ending the week at Rs280.37. This upward trend indicates a divergence between the interbank and open market rates.
The appreciation of the dollar against the rupee can have multiple economic implications, including potential impacts on import costs, inflation, and foreign investment. Currency dealers and market analysts will be closely monitoring these trends to predict future movements and advise stakeholders accordingly.
