Pakistani rupee scores marginal gain against US dollar in interbank market
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The Pakistani rupee recorded another positive session against the US dollar in the interbank market on Tuesday, reported 24NewsHD TV channel.
According to the State Bank of Pakistan, the local currency appreciated by 18 paisas against the greenback and ended the day at Rs285.79.
Interbank closing #ExchangeRate for todayhttps://t.co/y3FUzObGUR#SBPExchangeRate pic.twitter.com/AaP8g817KQ
— SBP (@StateBank_Pak) November 21, 2023
On Monday, the Pakistani rupee had registered gain against eh US dollar to settle for the day at Rs285.97.
Interbank closing #ExchangeRate for todayhttps://t.co/nc62s3hAjv#SBPExchangeRate pic.twitter.com/s5iBG7ouvf
— SBP (@StateBank_Pak) November 20, 2023
In a related development, country’s foreign direct investment (FDI) rose by 7% during the first four months of this fiscal year (FY24), the State Bank of Pakistan reported.
Overall, Pakistan fetched FDI amounted to $525 million in July-Oct of FY24 as against $490 million in corresponding period of last fiscal year (FY23), showing an increase of $35 million.
Reporter Ashraf Khan