The series of increases in the value of the rupee against the dollarcontinues. The dollar reached its lowest level in a month, trading at291.76 rupees in the interbank market, while in the open market, it droppedto a minimum of 293.50 rupees.
According to State Bank, the US dollar became cheaper by 13 paise in theinterbank market during the 13th consecutive business day, with its valuedropping to 291.76 rupees. In the interbank market, the dollar fell from292.78 rupees to close at 291.76 rupees.
After a 5% improvement in the rupee’s value in the interbank market, thedollar has fallen below 292 rupees, resulting in a reduction of Rs 1900billion in the burden of external debt on the Pakistan.
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Experts believe that this reduction in the value of the dollar will lead toa decrease in import costs and a slower pace of inflation.
