US dollar gains 57 paisa against rupee in interbank

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.