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Saturday, March 02, 2024  
20 Shaban 1445  

Pakistani rupee gains against dollar in interbank market

Greenback settled at Rs279.34 at market closing
A man talks on the phone in front of a poster displaying US dollars at the currency exchange place in Lahore on May 16, 2019. AFP
A man talks on the phone in front of a poster displaying US dollars at the currency exchange place in Lahore on May 16, 2019. AFP

The Pakistani rupee showed minor gains against the dollar in the interbank foreign exchange market on Wednesday.

The local unit was up by eight paisas against the greenback which was trading at Rs279.34 at the closing of the market as against Rs279.42 the previous day.

Meanwhile, the buying and selling rates of the dollar in the open market stood at Rs279 and Rs281.5, respectively.

Last week, Dawn reported that currency experts were wary of shocks in the exchange rate market in March.

They added that the third quarter economic performance would determine the outlook for the last quarter and the entire fiscal year. They were of the view that the inflows of dollars were below market expectations.

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dollar rates

Pakistan Rupee

US Dollar

US dollar rate

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Rupee dollar rate

PKR Dollar

Dollar rate in Pakistan

US dollar vs Rupee

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