Dollar depreciates slightly against Pakistani rupee
MNP – The value of the US dollar saw a slight decline in Pakistan’s currency markets on Thursday, as it fell by 15 paisas in the interbank and 5 paisas in the open market.
In the interbank trading, the dollar’s value dropped to Rs277.70, marking a minor depreciation against the Pakistani rupee. Meanwhile, in the open market, the dollar recorded a decrease of 5 paisas, bringing its value down to Rs278.75.
Currency analysts suggest that the dip in dollar value is influenced by improved dollar inflows in recent days, which has slightly strengthened the rupee.
The Pakistan Stock Exchange (PSX) saw a strong rally as investors responded positively to reported progress in ongoing talks with the International Monetary Fund (IMF).
