Monday, April 15, 2024

Pakistani Rupee Hits to its Highest Value

The Pakistani rupee is expected to remain on a stable value against US dollar as per the dealers for the next week; however, citing the matching demand and supply of greenback is as the reasons of forecasting.

According to the today’s official report, the Rupee value closed recently at Rs. 156.99 like against the US Dollar, it shows an up of 14 paisas as compared to the value closing of Friday that was Rs. 157.13 against its greenback as in the interbank market of currency.

According to the document by Arif Habib Limited, this value is recorded as the strongest since 9th March, 2020.

He said that, any uptick in the demand of dollar for the import payments could easily cover owing to inflows available in the local market. He also added that the next range from Rs. 157 to Rs. 157.15 per dollar is expected.

Mehjabeen Qasim
Mehjabeen Qasim
Business Journalist at Startup Pakistan

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