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Rupee strengthens as dollar slides in interbank market

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Although the shift is small, it signals a cautious optimism for the rupee amid ongoing economic pressures.

KARACHI (Dunya News) – The Pakistani rupee gained ground against the US dollar on Thursday, with the interbank market recording a slight decline in the greenback’s value. The US dollar dropped by one paisa, closing at Rs 280.36 in the interbank market. On the previous trading day, it had ended at Rs 280.37.

Experts said the modest improvement reflects a stabilizing currency trend, giving some relief to importers and businesses dealing in foreign transactions.

Although the shift is small, it signals a cautious optimism for the rupee amid ongoing economic pressures.

Pakistani rupee, interbank market, US dollar, currency update, forex, Karachi, business news, Pakistan economy  

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