Sunday, July 14, 2024

US Dollar on Free Fall for 21st Consecutive Session Against Pakistani Rupee, Today’s Rate Here

The US Dollar’s continuous decline against the Pakistani Rupee for 21 consecutive sessions indicates a significant shift in the exchange rate dynamics.

The Pakistani Rupee has sustained its upward momentum against the US Dollar, marking its 21st consecutive gain in the inter-bank market. This 0.37% increase reflects a strengthening of the Rupee relative to the Dollar.

According to the State Bank of Pakistan (SBP), the Pakistani Rupee closed at 283.62 against the US Dollar in the inter-bank market, marking an increase of Rs1.06.

For Pakistan, a stronger Rupee can impact imports, making them more affordable, while also potentially reducing the cost of servicing foreign debt.

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