Aaj English TV

Sunday, December 08, 2024  
05 Jumada Al-Akhirah 1446  

Pakistani rupee advances against dollar in interbank

Dollar reaches Rs281.22 at the closing of market
File photo
File photo

The Pakistan rupee recorded minor gains of six paisas against the US dollar in the interbank foreign exchange market on Tuesday.

The greenback weakened by six paisas against the rupee and was trading at Rs281.22 at the closing of the market as against the closing of Rs281.28 the previous day.

In the open market, the buying of the dollar was recorded at Rs280.9 while it was quoted at Rs283.4 for selling at the time of filing the story.

Since crossing the Rs300 mark a few months ago, the value of the dollar has slowly decreased in the face of a crackdown by the government against hoarding and smuggling.

The local currency started to make some ground against the dollar in interbank and open markets after the International Monetary Fund reached a staff-level agreement with Pakistan on a $3billion stand-by agreement in July 2023.

For the latest news, follow us on Twitter @Aaj_Urdu. We are also on Facebook, Instagram and YouTube.

Pakistan Rupee

US Dollar

Dollar rate in Pakistan