US dollar declines further against Pakistani rupee in Interbank trading

Karachi:  The value of the US Dollar against the Pakistani Rupee has further declined, according to data released by the State Bank of Pakistan.

The interbank rate for the dollar witnessed a decrease of 6 paisas.

The State Bank of Pakistan said that at the conclusion of the business day in the interbank market, the exchange rate for one US Dollar stands at 281 rupees and 22 paisas.

The comes after a depreciation of 12 paisas yesterday, where the interbank rate closed at 281 rupees and 28 paisas.

Interbank closing #ExchangeRate for today https://t.co/uAO5RGRB2Q#SBPExchangeRate pic.twitter.com/6aG4TXpFj8

— SBP (@StateBank_Pak) January 9, 2024

The continuous fluctuations in the exchange rate between the US Dollar and the Pakistani Rupee are closely monitored by financial experts and the public, impacting various sectors of the economy.