Business
US Dollar down against PKR
The exchange rate of US Dollar slides down on the first day of the trading week in the interbank market. According to the data released by the State Bank of Pakistan, the dollar has decreased by 3 paisas in the interbank market.
According to Forex dealers, the dollar run down from Rs159.10 to close at Rs159.07 in the interbank market.
In the open market, the buying rate of the US dollar was Rs158.9, while its selling rate was Rs159.6.
With increased inflows from the Pakistani diaspora to the Roshan Digital Account (RDA) and export proceeds, the Pakistani rupee is expected to remain firm.
However, a falling trend in foreign exchange reserves might have a negative impact on the market soppiness.