The US Dollar appears to be regaining value for the second consecutive day against the Pakistani Rupee after weeks of continuous dip.

At the start of the trading session on Tuesday morning, the American currency stood at Rs279.50 after losing 38 paisas in the interbank market, as per currency dealers in Karachi.

In the open market, the dollar got a boost of 50 paisas and started trading at Rs281.50.

On Monday, the price of the US Dollar stood at Rs279.12 as the interbank exchange rate saw a minor 32 paisas rise, according to a report from currency dealers.

Interbank closing #ExchangeRate for todayhttps://t.co/bEThWJNeZj #SBPExchangeRate pic.twitter.com/knhBFSTxV2
— SBP (@StateBank_Pak) October 23, 2023

Over the past week, the interbank rate for the dollar had seen a significant overall increase of more than Rs1.19 and closed at Rs278.80 at the end of the week.

The value of the American dollar remained relatively stable in comparison to the Pakistani currency, after a continuous decline of five weeks.