Dollar surges again in interbank

Karachi: Once again, the value of the Pakistani rupee has witnessed a decline against the American dollar.

According to data released on the State Bank of Pakistan's official social media account, during the fourth business day of the current week, the interbank exchange rate showed an increase of Rs1.35 against the US dollar.

The interbank exchange rate for the US dollar against the Pakistani rupee now stands at Rs285.15.

State Bank reported a 0.47% decline in the value of the rupee against the dollar.

In the open market, the exchange rate for the US dollar has increased by Rs. 1, making it Rs289.

As per State Bank's latest data, the exchange rate for the Euro is Rs319, British Pound is Rs368, Canadian Dollar is Rs217, Saudi Riyal is Rs76, Malaysian Ringgit is Rs62, Indian Rupee is Rs3.4, Qatari Riyal is Rs78, and Kuwaiti Dinar is Rs930.

Interbank closing #ExchangeRate for todayhttps://t.co/7dxjpQhMXu#SBPExchangeRate pic.twitter.com/EEh6Ex43HE

— SBP (@StateBank_Pak) July 20, 2023