US dollar loses ground against Pakistani Rupee
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US dollar has continued its downward trend against the Pakistani Rupee and lost 39 paisas value in the interbank trading on the first day of the business week, reported 24NewsHD TV channel.
After a decrease of 39 paisas, the American currency reached Rs204.56 against the local currency.
Interbank closing #ExchangeRate for todayhttps://t.co/48gwBn6aN2 pic.twitter.com/7nRRCocmss
— SBP (@StateBank_Pak) July 4, 2022
The local currency has been performing well after Pakistan received the Memorandum of Economic and Fiscal Policies (MEFP) from the IMF for the combined seventh and eighth reviews of its $6 billion loan programme, which has been stalled since April.
Last week's Friday closing of the US dollar was Rs204.85.
Interbank closing #ExchangeRate for todayhttps://t.co/ulDZ4o9Wrs pic.twitter.com/d7iMLMqBLH
— SBP (@StateBank_Pak) June 30, 2022
Reporter Ashraf Khan