The US Dollar continued to depreciate further against the Pakistani Rupee, as it decreased in value by 20 paisas in the interbank market on Tuesday.
In the interbank market, the Dollar closed business on Tuesday at Rs283.01 or depreciated 0.07% for the sixth consecutive session, as per currency dealers.
Interbank closing #ExchangeRate for today https://t.co/scioByZPIM#SBPExchangeRate pic.twitter.com/MaaXQKRvKm
— SBP (@StateBank_Pak) December 19, 2023
In the open market also, the mighty American currency lost a major chunk and was being traded for Rs284 after depreciating by 50 paisas.
On Monday, the US Dollar experienced a decline for the fifth consecutive time, as it closed trade at Rs283.21 after a decrease of five paisas in the interbank market against the Pakistani Rupee.
Interbank closing #ExchangeRate for today https://t.co/Ll9i6oEJD8#SBPExchangeRate pic.twitter.com/ni15gTVOTV
— SBP (@StateBank_Pak) December 18, 2023
This marks a consistent trend of the US Dollar's decreasing value against the Pakistani Rupee. Over the last week, the local currency appreciated by 61 paisas and settled at Rs283.26 against the US dollar in the interbank market.
