Dollar To PKR – USD strengthened against PKR – 7 November 2023
In the domestic foreign exchange markets, the depreciation of the rupee against the dollar continues for the third week. In the interbank market, the dollar rose by 71 paise to Rs 286.
According to currency dealers, on the second day of the business week, the dollar appreciated by 71 paisa to reach the level of 286 rupees. While in the open market, the dollar became expensive by 2 rupees to 287 rupees.
According to dealers, the demand for dollars in the inter-bank market remains unchanged. Due to which the value of the dollar is increasing further. In 17 days, the dollar became expensive by 9 and a half rupees in the interbank market, and 10 rupees in the open market.
It should be remembered that according to the State Bank, on the last day of last week, the dollar closed at 280 rupees 57 paise in the interbank market. While on the last day of the week, the dollar closed at 280 rupees 57 paise in the interbank. During the last business week, the dollar appreciated by one rupee.
It should be remembered that on October 17, the price of one dollar at the interbank level reached the level of 276.83 rupees, which was the highest level in the country’s history of 307.10 rupees in early September. This was followed by a crackdown on smuggling and amendments to the regulations of exchange companies followed by a devaluation of the dollar.
However, since October 17, the value of the dollar has been continuously increasing.
