The Pakistani rupee is demonstrating a continued resurgence against the US dollar, marking another ascent in the inter-bank market.
Commencing the week’s first working day, the rupee stands at 281.08, reflecting a notable increase of Re0.32. In the previous week, it exhibited a growth of 0.16% or Rs0.46, reaching a settlement at 281.40 against the US dollar in the inter-bank market.
Read more: Currency Rate in Pakistan Today – Dollar, Euro, Pound, Riyal on January 08, 2024
This positive trajectory is a result of the recent staff-level agreement (SLA) between Pakistan and the International Monetary Fund (IMF).
The ongoing positive movement in USD to PKR exchange rates signifies a strengthening position for the Pakistani rupee, influenced by favorable economic developments and agreements with international financial institutions.