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.
Interbank closing #ExchangeRate for todayhttps://t.co/5sHQhN1xXJ pic.twitter.com/NOwSdbAV39
— SBP (@StateBank_Pak) March 8, 2023
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.