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US dollar witnesses an unusual drop of Rs1.02 in interbank

The US dollar observed a decline of up to Rs2 in both the interbank and open markets.

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11 months ago

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US dollar witnesses an unusual drop of Rs1.02 in interbank
GNN Media: Representational Photo

Karachi: The US Dollar rate experienced a break in its upward trajectory, witnessing a decline of up to Rs2 in both the interbank and open markets.

According to dealers, in the interbank market, the dollar became Rs1.02 cheaper, reaching a rate of 287.50 rupees.

Similarly, in the open market, the dollar saw a decrease of Rs2, settling at 292 rupees after the drop.

Amidst economic challenges, Pakistan is receiving support from friendly countries, including Saudi Arabia and China.

In a bid to aid the nation in overcoming its financial difficulties, China's central bank has deferred a loan of $2.1 billion to Pakistan.

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