The rapid decline in the Dollar rate is seen after agreements with IMF.


Karachi: The effects of agreements with the International Monetary Fund (IMF) have started to impact the local currency, leading to a rapid decline in the value of the US dollar against the rupee.
According to the figures released by the State Bank of Pakistan on their official Twitter account, during the third business day of the current week, the interbank market witnessed a drop of 37 paise in the value of the US dollar against the rupee.
As per the latest data, the value of the US dollar against the rupee in the interbank market has dropped to 277 rupees and 04 paise from 277 rupees and 41 paise.
The central bank reported a 0.13% decline in the value of the rupee against the US dollar in the interbank market.
On the other hand, in the open market, the value of the US dollar has reached close to 280 rupees.
Interbank closing #ExchangeRate for today https://t.co/s4Ua3qFDzO#SBPExchangeRate pic.twitter.com/o2noX7ErMp
— SBP (@StateBank_Pak) July 6, 2023

Former reality TV star wins longest-ever Iditarod
- 3 hours ago

Laptop charged in few minutes with solar energy introduced
- 5 hours ago

Snowfall cuts land communication in Astore
- 7 hours ago
Security forces neutralise nine terrorists in separate IBOs in KP: ISPR
- 16 minutes ago

Pakistan on Trump’s new travel ban list alongside 42 others
- 6 hours ago
Police book singer Naseebo Lal's husband in domestic violence case
- 2 hours ago

US VP warns green card holders of potential legal, immigration risks
- 7 hours ago

PM urges int’l community, HR organisations to raise awareness on religious intolerance against Muslims
- 23 minutes ago

100 acres of land allocated for Danish University: PM
- 4 hours ago

Moft’s new origami case elevates the iPad for improved ergonomics
- 6 hours ago

Snapchat is rolling out AI-powered video lenses
- 6 hours ago

Facebook, Instagram, and Threads start testing Community Notes next week
- 6 hours ago