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Dollar Close Below PKR 290 Both in Interbank and Open Market After Declining for 15th Straight Session Against Pakistan Rupee

admin-augaf by admin-augaf
September 26, 2023
in Business, Finance
Reading Time: 1 min read
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Tumbling US Dollar a Boon to Risk Assets Across the Globe
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Karachi September 26 2023: Pakistani Rupee on Tuesday witnessed the 15th consecutive recovery session as it gained PKR 1.06 against the US dollar in the interbank trading and closed at Rs289.80 against the previous day’s closing of PKR 290.86.

However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at PKR 289.15 and PKR 292 respectively.

The price of the Euro decreased by PKR 2.67 to close at PKR 306.89 against the last day’s closing of Rs309.56, according to the State Bank of Pakistan (SBP).

The Japanese Yen came down by 01 paisa to close at PKR 1.94, whereas a decrease of PKR 3.12 was witnessed in the exchange rate of the British Pound, which traded at PKR 353.03 as compared to the last closing of PKR 356.15. The exchange rates of the Emirates Dirham and the Saudi Riyal declined by 29 and 28 paisa to close at PKR 78.89 and PKR 77.25 respectively.

Tags: dollar
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