Saudi Riyal dropped to Rs. 73.35 today, 4th July 2023 as per the statistics issued by the State Bank of Pakistan (SBP).
The closing interbank rate for Saudi Riyal to Pakistani rupee is provided by the SBP at the end of each business day from Monday to Friday.
As per today’s rate, Saudi Riyal faced a decline in the interbank after the agreement with International Monetary Fund (IMF). The major drop of Rs. 2.98 from Rs. 76.336 on 3rd July to Rs. 73.35 on 4th July reflects a major dynamic in the fluctuations of the currency value.
The IMG agreement has initiated several positive developments in the country’s currency rate as well as a major drop in the gold price has also been observed.
