Pakistani Rupee thrashes US Dollar in interbank market

Pakistani Rupee thrashes US Dollar in interbank market

The US dollar saw a minor decline in the interbank market at the start of trading on Friday, dropping by 16 paisas to reach Rs277.80.

The downward follows yesterday’s closing rate of Rs277.96, reflecting a slight strengthening of the Pakistani rupee.

Market analysts attribute this change to increased inflows and reduced demand for foreign currency.

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