Pakistan Rupee Strengthens Against US Dollar in Interbank Market

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.

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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