The Pakistani Rupee’s recent depreciation against the US Dollar signifies its reduced value in currency markets. This decline, reflected in today’s exchange rate, indicates a higher number of rupees required to purchase one US dollar.
The Pakistani rupee’s decline persisted for the third consecutive day against the US dollar, marking a 0.09% depreciation in the inter-bank market on Monday.
According to the State Bank of Pakistan (SBP), the rupee concluded at 285.64 against the dollar, indicating a depreciation of Rs0.27.
In the preceding week, the Pakistani rupee continued its positive trend, marking a 0.39% appreciation or Rs1.13 against the US dollar in the inter-bank market. Settling at 285.37, this upward movement indicates a strengthened value for the rupee, showcasing a favorable performance in its exchange rate dynamics.
