The Pakistani rupee sustained its ascent against the US dollar, marking the fifth consecutive session of appreciation with a 0.15% gain in the inter-bank market on Monday.
This upward trend suggests strengthened confidence in the local currency, possibly influenced by factors such as improved economic indicators or market dynamics.
According to the State Bank of Pakistan (SBP), the Pakistani rupee concluded at 284.53 against the US dollar, reflecting a gain of Rs0.44.
In the preceding week, the Pakistani rupee experienced a slight upturn, appreciating by 0.14% or Rs0.40 against the US dollar in the inter-bank market. The closing value was 284.97, indicating a marginal improvement. This movement may be attributed to various economic factors or market dynamics influencing the currency’s performance, contributing to the observed positive shift in its exchange rate.
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