US dollar gains strength against rupee in interbank, open market

Karachi: The value of the US dollar witnessed a rise in both the interbank and open market on Monday.

In the interbank market, the dollar saw an increase of Rs1.67, resulting in its closure at Rs 279.26. This surge comes after the dollar had previously concluded at Rs 277.59 at the end of the previous business week.

Interbank closing #ExchangeRate for today https://t.co/Szwjztp04u#SBPExchangeRate pic.twitter.com/NFuoY1Rvhq

— SBP (@StateBank_Pak) July 17, 2023

Similarly, in the open market, the dollar experienced a price hike of Rs4, leading to its current selling rate of 285 rupees.