Pakistani rupee thrashes US dollar in interbank trading
April 11, 2022 12:01 PM
The Pakistan rupee bounced back as the US dollar decreased Rs1.75 to reach Rs182.93 at the start of the interbank market on the first day of the trading week, reported 24NewsHD TV channel.
The previous close of US dollar was Rs184.68 against the Pakistani Rupee. Now, the US dollar came below Rs183 as the Pakistani Rupee gained momentum in the interbank trading Monday.
Experts already predicted that in view of the interest rate hike and the SBP’s measures to cut imports and reduce inflationary pressures, the Pakistani rupee unit is expected to stay stable at around 183 levels against the dollar current week.
The Pakistani Rupee has performed well at the start of the interbank trading as markets open after a political crisis in the country settled.
Reporter Habib Khan