The Pakistani Rupee showed signs of improvement against the US Dollar in the interbank market, appreciating by 0.04% on Thursday, November 14, 2024.
According to the State Bank of Pakistan’s closing rates, the PKR settled at 277.74 against the USD, compared to Wednesday’s closing rate of 277.85.
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This marginal gain of 11 paisas reflects a positive movement in the local currency’s value. The appreciation indicates that fewer rupees are now required to purchase one US dollar in the interbank market.
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The slight strengthening of the rupee comes amid ongoing efforts to stabilize Pakistan’s currency market. The interbank closing rate serves as a key indicator of the country’s foreign exchange market performance.
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