Thursday, June 20, 2024

    Dollar appreciates Rs4.38 against rupee in interbank

    LAHORE – The United States dollar appreciated Rs4.38 against the Pakistani rupee in the interbank market on Thursday(March-09).

    The greenback was being traded at Rs 283.50 around 12:15pm during intra-day trading. On Wednesday(march-8), the dollar closed at Rs279.12 in the interbank market.

    The dollar also jumped by Rs 4 in the open market to be traded at Rs 284.50.

    Currency experts say the major reason for the rupee deprecation appeared to be a delay in agreement with the IMF.

    Until an accord is signed with the lender & payment is not received from other countries, the uncertainty will prevail in the market, they add.

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