Business
US dollar gains 57 paisa against rupee in interbank
Local currency settles at Rs175.24 against the US dollar in the interbank market.
Lahore: US Dollar (USD) strengthened again despite fluctuations in both the foreign exchange markets, as US dollar closes at Rs175.24 in open market.
According to the data released by the State Bank of Pakistan, the US Dollar has become 57 paisa expensive in the interbank market.
Forex dealers said, the dollar has traded at Rs176.80 and closed at Rs175.24 against Pakistani Rupee (PKR) in open market.
According to details, dollar has gained 57 paisa in interbank and 80 paisa in open market.
With a fresh decline of 0.33%, the local currency maintained its downtrend on the back of uncertainty regarding the monetary policy announcement which was announced after the close of the trading session.
Interbank closing #ExchangeRate for today:https://t.co/VAXrf2RMMN pic.twitter.com/3PTvkTac4C
— SBP (@StateBank_Pak) November 19, 2021
It is pertinent to remember that the local currency closed at an all-time low of Rs175.73 against the greenback on November 12.
-
Regional 11 hours ago
Baltimore’s bridge collapse is global shipping’s smallest problem
-
Technology 2 days ago
Razer’s lightning-quick Huntsman V2 keyboard is down to its lowest price to date
-
Pakistan 2 days ago
IHC Judges letter: Petition in SC to form inquiry commission
-
Technology 13 hours ago
Qualcomm quietly demos Baldur’s Gate 3 and Control on Snapdragon X Elite laptops
-
Pakistan 1 day ago
CM Punjab approves several agricultural projects
-
Crime 1 day ago
Brother strangles sister in Toba Tek Singh
-
Regional 1 day ago
PPP, PML-N not agreed in by-elections
-
Sports 2 days ago
IOC president targeted by Russian prank callers