KARACHI – The US dollar appreciated by 94 paisas against the Pakistan rupee in the interbank market to close at Rs268.82 on Wednesday against the previous day’s closing of Rs267.88.
In the opening market, the buying and selling rates of greenback were recorded at Rs270 and Rs272.70, respectively.
The local currency loses ground a day after it snapped its losing streak and appreciated by 0.65% on Monday to reach Rs267.89 against the dollar. The development came as a delegation of the International Monetary Fund (IMF) landed in Pakistan for ninth review under the $7 billion loan programme.
Interbank closing #ExchangeRate for todayhttps://t.co/dXkGah78kO pic.twitter.com/TFFEDfIqvS
— SBP (@StateBank_Pak) February 1, 2023
Earlier on Monday, the rupee plunged by Rs7 and the greenback touched all-time high of Rs272. Last week, the local currency dropped by Rs24.54 in the interbank…
