Rupee Gains Further Ground Against US Dollar 2nd Day in a Row
![](https://alsadatmarketing.com/wp-content/uploads/2023/05/rupee-gains-further-ground-against-us-dollar-2nd-day-in-a-row-in-2023-al-sadat-marketing-1024x536.webp)
Today, the Pakistani rupee (PKR) demonstrated a further increase in value against the US Dollar. Initially, the interbank rate showed a decline of over 40 paisas, dropping to 284.125 by 11 AM, but by 1:25 PM, it had rebounded and remained stable at 283.
By the close of the day, the PKR had gained six paisas, representing a 0.02% appreciation, and stopped at 283.82. The exchange rate sentiment throughout the day was driven by recent developments in talks with the International Monetary Fund (IMF), which had a positive effect on the market, despite reports of massive commodity price hikes expected in the near future.
Read More: IMF Sees Rs 1.7 Trillion Fiscal Adjustment
Currency dealers reported that there was little to no movement in the market today, but the lender’s ultimatum on additional subsidies without prior approval was met with a positive reaction, resulting in today’s marginal gain.
It is noteworthy that the PKR has lost nearly Rs. 54 since January 2023 and over Rs. 101 against the greenback since April 2022. However, today’s exchange rate movements indicate that the PKR has gained four paisas against the US Dollar.
Read More: NEPRA Lowers WAPDA Hydropower Tariff by 27.5 Percent
In the interbank market today, the PKR had a mixed performance against most of the other major currencies. It gained two paisas against the UAE Dirham (AED), one paisa against the Saudi Riyal (SAR), and eight paisas against the Canadian Dollar (CAD). On the other hand, it lost two paisas against the Australian Dollar (AUD), 22 paisas against the Euro (EUR), and Rs. 1.09 against the Pound Sterling (GBP).
For more news updates head over to AL Sadat Marketing.
You can also invest in other famous and most in demand housing societies, such as , Blue World City, Rudn Enclave, 7 Wonders City Peshawar, Taj Residencia, Kingdom Valley, New Metro City Gujar Khan, Forest Town Rawalpindi, University Town Rawalpindi, ICHS Town, Park View City Islamabad, Multi Gardens B17 Islamabad and Nova City Islamabad.
Al Sadat Marketing please contact 0331 1110005 or visit https://alsadatmarketing.com/
Few more real estate housing schemes which are trending now a days in Islamabad by including: Faisal Town Phase 2, Prism Town Gujar Khan, New City Paradise, Eighteen Islamabad, 7 Wonders City Islamabad, Capital Smart City, Silver City Islamabad, The Life Residencia, Faisal Town Islamabad, Islamabad Golf City, Islamabad Model Town and Marble Arch Enclave.
Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.
Book Your Plot Now: +92 331 111 0005