US Dollar has displayed a fluctuating trajectory against the Pakistani Rupee, revealing both weekly declines and a noteworthy monthly increase.
According to reports from the State Bank of Pakistan (SBP), the closing day of the business week witnessed a decrease of 17 paisas in the value of the US Dollar in the currency market. However, the cumulative decrease throughout the week amounted to 40 paisas.
On the final day of the week's trading, the US Dollar was valued at Rs284.97, marking a reduction of 17 paisas compared to the previous week's closing rate of Rs285.37 in the interbank market.
Despite an initial increase of 10 paisas earlier in the week, the overall trend for the business week indicated a reduction of over one Pakistani Rupee in the US Dollar's value. Notably, this decline is the continuation of a two-week trend.
It is crucial to highlight that, the US Dollar's value has recorded a total increase of Rs3.77 in the month of November, reaching Rs285.17 by November 30th.
The fluctuations in the USD to PKR exchange rate underscore the dynamic nature of the foreign exchange market, with various factors contributing to the ongoing shifts in the value of the US Dollar in Pakistan.
Analysts are closely monitoring these developments to gauge potential implications on the country's economic landscape.