PKR continues to gain ground against USD in interbank

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KARACHI – US dollar continued its declining trend in the interbank and open market this week amid positive economic cues.

During the intra-day trading in interbank, the local currenct gained Rs0.20 against the dollar to reach Rs283.94.

The coal unit registered a nominal increase against the greenback, as economic development brought exchange rate stability. 

PKR advanced its winning streak for egihth session in a row against the US dollar. The exchange rate stability is also attracting foreign investments and supporting economic growth.

Experts claimed that influencing PKR-USD parity through verbal instructions by central bank is a settled practice in interbank market, that resulted in a kind of stability with slow imports and better inflows of export proceeds.

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