Karachi: US dollar on the fifth day of the trading week continued to decline against Pakistani Rupee (PKR) in the interbank market.
According to the data released by the State Bank of Pakistan, the dollar depreciated by 36 paisas in the interbank market. Whereas, according to Forex dealers the US dollar fell from Rs158.46 to close at Rs158.10 in the interbank market.
Interbank closing #ExchangeRate for today: https://t.co/AL8jPxMzfF pic.twitter.com/eLgW3zcqk2
— SBP (@StateBank_Pak) February 26, 2021
On the other hand, the buying rate of the US dollar in the open market was Rs158.1 while its selling rate was Rs158.7 on February 26.
“Positive sentiment prevailed due to increased inflows from expatriate Pakistanis in Roshan Digital Account (RDA) Scheme. We expect the rupee could gain more in days ahead and will touch the Rs158/dollar level soon,” he added.
In the last five months since RDA was launched, more than 92,000 accounts have been opened by overseas Pakistanis living in 97 countries.
Elon Musk and Donald Trump’s fallout, explained
- 15 hours ago
Tremors felt in Karachi’s Malir and Balochistan’s Ormara
- 3 hours ago
Four killed, two injured as car falls into ravine in D.I. Khan
- 2 hours ago
Pakistani delegation arrives in UK after high-stakes US tour on regional peace
- 5 hours ago
TikTok star Khaby Lame detained at US airport over visa violation
- 4 hours ago
US court jails Pakistani trader Asif Hafeez for 16 years over drug charges
- 5 hours ago
Rafferty, Cowboys OL from 1976-89, dies at 70
- 16 hours ago
Elon Musk couldn’t change Trump’s mind on electric vehicles
- 15 hours ago
Elon Musk discovers Trump doesn’t stay bought
- 17 hours ago
Bank lockers looted in Karachi
- 5 hours ago
We’re secretly winning the war on cancer
- 15 hours ago
No ban on dual electricity meters, clarifies Power Division
- 4 hours ago
