On Monday, the value of the US Dollar against the Pakistani Rupee experienced a significant decline for the fifth consecutive time. The interbank exchange rate witnessed a decrease of 44 paisas, bringing the USD to PKR rate down to Rs284.53.
The Rupee appreciated by 0.15% against the Dollar in the interbank market on Monday.
Interbank closing #ExchangeRate for todayhttps://t.co/AbtsDo13u3#SBPExchangeRate pic.twitter.com/23FmHmGvmg
— SBP (@StateBank_Pak) December 4, 2023
In the open market also, the Rupee saw a steady increase against the Dollar, as it was available at Rs285.75 for selling and Rs282.75 for buying.
On Friday, the value of the US Dollar against the Pakistani Rupee experienced a notable shift. The interbank exchange market witnessed a decrease of 17 paisas, bringing the USD to PKR rate down to Rs285.
Interbank closing #ExchangeRate for todayhttps://t.co/vnEm6QRcGW#SBPExchangeRate pic.twitter.com/BD7DIQ5kMX
— SBP (@StateBank_Pak) December 1, 2023
According to currency dealers, the final day of the business week saw a reduction of 17 paisas in the interbank market, resulting in the USD to PKR rate settling at Rs285.
Also Read: US Dollar sees volatility in Pakistan: USD to PKR rates fluctuate
It's worth noting that the previous day concluded with the USD at Rs285.17 in the interbank market. In the open market, the US Dollar experienced a 50-paisa drop, reaching Rs286.50.
Over the past two weeks, continuous decreases have been observed, contributing to an overall increase of Rs3.77 in the USD to PKR rate for the month of November.
