US Dollar rises further against Pakistani Rupee
The US Dollar is showing signs of recovery against the Pakistani Rupee following weeks of consistent decline. At the beginning of the trading session on Tuesday morning, the American currency was quoted at Rs279.50, indicating a loss of 38 paisas in the interbank market, as reported by currency dealers in Karachi.
The previous day, the US Dollar's value had been Rs279.12, and the interbank exchange rate had experienced a slight increase of 32 paisas, according to information provided by currency dealers.
Throughout the past week, the interbank exchange rate for the US Dollar witnessed a notable overall increment of more than Rs1.19, ultimately closing the week at Rs278.80.
This change marks a shift in the American dollar's value, which had previously been steadily declining for five consecutive weeks in comparison to the Pakistani Rupee.