KARACHI: The central bank on Wednesday permitted banks to buy dollars from the interbank market to settle international card payments in an effort to reduce the exchange rate gap between the.
The value of the Pakistani rupee continued to recover in the interbank market against the US dollar on Wednesday. According to the State Bank of Pakistan, the dollar depreciated 23% and slumped by 40 paisas. It traded at Rs176.23. Interbank closing #ExchangeRate for today: https://t.co/nvGJbvIils pic.twitter.com/XD9HZCnThy SBP (@StateBank Pak) January 12, 2022 Earlier, the Pakistani rupee had fallen to an all-time low of Rs178.24 in the interbank and Rs180.30 in the open market on December 29, 2021. Meanwhile, in the open market, the greenback recorded a drop of 30 paisas to sell at Rs178.80. Here are the open market rates of major currencies on January 11, 2022 Currenc.
The value of the Pakistani rupee recovered Friday in the interbank market after dropping 18 paisas on January 6. According to the data shared by the State Bank of Pakistan, the dollar depreciated 0.14% and traded at Rs176.67. It recorded a fresh drop of 25 paisas. Interbank closing #ExchangeRate for today: https://t.co/VDSGG1DiUP pic.twitter.com/1IJzFDmz0q— SBP (@StateBank Pak) January 7, 2022 The local currency has been extremely volatile amid the widening trade deficit and lost Rs2.98 in December 2021, breaking all records each day. In the open market, the dollar was being sold at Rs178.80 after losing 40 paisas. Here are the open market rates of major currencies o.