On Monday, the Pakistani Rupee dropped for the third consecutive session against the US Dollar and closed the trading session for the day at Rs285.64 after a drop of 27 paisas.
The American dollar saw an increase in value by 0.09% in the interbank market on Monday.
Interbank closing #ExchangeRate for todayhttps://t.co/D3IYm5uAHJ#SBPExchangeRate pic.twitter.com/nUBYbSnLq3
— SBP (@StateBank_Pak) November 27, 2023
Earlier in the day, the currency had started trading at Rs285.43 against the mighty Dollar in the interbank market after experiencing a slight decrease of 6 paisas, depreciating by 0.02%.
On Monday morning, the Pakistani Rupee started the week with an exchange rate of Rs285.43 against the mighty US Dollar in the interbank market after experiencing a slight decrease of 6 paisas, depreciating by 0.02%.
On Friday, the Pakistani rupee appreciated by 27 paisas against the US dollar in the interbank market on Friday on last trading day of the current business week.
The Greenback is currently being traded at Rs285. The local unit went down 0.05 percent in the interbank market, closing the day at Rs285.27 with a decrease of 66 paisas.
The KSE 100-index started with a record positive business in the Pakistan Stock Exchange as it gained a record 322 points to reach a new milestone of 59,222 points on the last business day of the week.
Meanwhile, Pakistan’s foreign exchange reserves experienced a decline, with the State Bank of Pakistan (SBP) witnessing a weekly decrease of $217 million, marking a total of $7.2 billion as of November 17. The country’s liquid foreign reserves, including net reserves held by commercial banks, reached $12.3 billion.
