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Thursday, December 19, 2024  
16 Jumada Al-Akhirah 1446  

US dollar slides another 28 paisas in value

Now trading for Rs278.75 in the interbank market
File photo
File photo

The United States dollar slid by 28 paisas against the Pakistani Rupee in the opening hours of trading on Monday

The change took the vlaue of the US dollar to Rs278.75 in the interbank market.

The dollar’s value saw a massive hike in the first half of the fiscal year, even trading at over Rs300 at one point. The dollar’s value also showed a massive difference in the open market and interbank.

However, an agreement with the International Monetary Fund, fiscal discipline and crackdown against smuggling and hoarding of the curreny brought the value down.

Over the last few months, daily changes in value have been restricted to a few paisas per day.

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Pakistan Rupee

US Dollar