It is pertinent to mention here that the rupee gained after the Pakistani government intensified efforts by running after people involved in the illegal dollar trade that helped the currency.
Rupee gains more ground against US dollar in interbank
- By Anjum Wahab -
- Oct 05, 2023
KARACHI: The Pakistani rupee (PKR) continued an upward trend against the US dollar in the interbank market on Thursday, extending its gains for the 21th consecutive session.
According to the Forex Association of Pakistan, the rupee gained Rs1 against the US dollar, trading at Rs284.68 from yesterday’s close of Rs284.68.
In the open market, the dollar depreciated by Rs 1, standing at Rs284 in the morning trade, according to the Exchange Companies Association of Pakistan.
Interbank closing #ExchangeRate for today https://t.co/7gpAlrU3K4#SBPExchangeRate pic.twitter.com/TgifPc4YOj
— SBP (@StateBank_Pak) October 4, 2023
During last week, the Pakistani rupee (PKR) gained 4.02 against the US dollar (USD) following the crackdown.
Read more : US dollar sheds 0.85 PKR, trading in interbank at Rs287.90