Pakistani Rupee Strengthen Against US Dollar
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According to the official source, the US dollar depreciates against Pakistani Rupees, marking the value below Rs. 154.
Read More: Dollar Rate in Pakistan: USD to PKR Open Market Prices 2023
At the opening of trade on the interbank currency market today, the Pakistani rupee just gained 74 paisas against the US dollar.
The local PKR unit increased 74 paisas to reach a 21-month high against the US dollar at 153.30. But, according to the foreign exchange brokers, the rupee finished the other day at 154.04 against the US dollar.
Since it last touched a low value of Rs. 168.43 in August of 2020, which was the maximum, the rupee has rebounded with a considerable value of roughly Rs. 14 over the last seven months.
Read More: FBR Shares Up-to-Date Statistics on Real Estate Projects
The rupee has risen significantly and significantly as a result of stronger foreign exchange reserves, an account surplus, and the decreased demand for dollars currently caused by the ongoing COVID-19 pandemic around the world.
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