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Pakistani rupee scores mild gain against US dollar in interbank market

By News Desk

January 30, 2024 11:59 AM


Pakistani rupee scores mild gain against US dollar in interbank market

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The Pakistani rupee registered a mild appreciation in its value against the US dollar in the interbank market on Tuesday, reported 24NewsHD TV channel.

According to the State Bank of Pakistan, the local currency went up by nine paisas against the greenback and ended the day at Rs279.55.

https://twitter.com/StateBank_Pak/status/1752304050786435479

On Monday, the Pakistani rupee had registered a marginal loss to settle at Rs379.64 against the US dollar, shedding five paisas.

https://twitter.com/StateBank_Pak/status/1751920907113877841

In a key development, the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) maintained status quo and kept the key policy rate at 22%.

“The committee noted that the external account (position) has become better,” said SBP Governor Jameel Ahmad. He said despite payments of $6.2 billion, foreign exchange reserves have improved.

https://twitter.com/StateBank_Pak/status/1751942315936235828

 

Reporter Ashraf Khan


News Desk


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