ISLAMABAD – Pakistani currency bounced back against US dollar in the interbank market as experts linked the rupee’s appreciation to economic improvement.
The local currency improved against the greenback in light of several reasons with a drop in oil prices and inflows from friendly nations as the interim government reached out to Gulf regions.
Data shared by central bank suggests that the local currency moved up against USD for the third consecutive session as it appreciated by Rs0.22 in the inter-bank market.
Interbank closing #ExchangeRate for todayhttps://t.co/NkmZkJNlx7#SBPExchangeRate pic.twitter.com/PnbmzN9vGX
— SBP (@StateBank_Pak) November 30, 2023
With the latest revision in currency rates, Pakistani rupee secured marginal gain, and settled at 285.39 on Thursday.
In major development, Saudi Arabia extended term for $3 billion deposit placed with Islamabad to support the economy.
USD to PKR
Currency exchange rates in Pakistan today – November 30, 2023
