On Tuesday morning, the Pakistani Rupee managed a comeback against the US Dollar, a day after the American currency saw a boost in value.
At the time of closing of trade for the day, the US Dollar witnessed a drop of 12 paisas and was exchanged for Rs283.78 in the interbank exchange market.
At the opening of the session, the Rupee appreciated by 35 paisas, taking the USD to PKR rate up to Rs283.55.
Interbank closing #ExchangeRate for today https://t.co/GfdFacDs8c#SBPExchangeRate pic.twitter.com/piEQ9CVyns
— SBP (@StateBank_Pak) December 12, 2023
In the open market, however, the American currency remained stable at Rs284.50.
On Monday, the value of the US Dollar against the Pakistani Rupee experienced a comeback, as its interbank exchange rate gained 18 paisas, taking the USD to PKR rate up to Rs284.05.
Later, the American currency closed interbank trading for the day with a three-paisa increase and was traded at Rs283.9.
In the open market, however, the Greenback witnessed a drop of 25 paisas and was traded at Rs284.50.
Interbank closing #ExchangeRate for todayhttps://t.co/dpQDQBOjMR#SBPExchangeRate pic.twitter.com/8PsTzyPfJC
— SBP (@StateBank_Pak) December 11, 2023
Last week, the rupee made good as it appreciated 0.38% or Rs1.10 to settle at Rs283.87 against the US dollar in the interbank market.
Meanwhile, the Pakistan Stock Exchange 100-index on Tuesday witnessed a bullish trend a day after seeing a decline, reaching 66,350 with an increase of 300 points.
