The Pakistani Rupee continued its winning run against the US Dollar, as it appreciated by 5 paisas in the interbank market.
On Thursday morning, the mighty American currency depreciated by 0.02% and started trading at Rs281.67 in the interbank market.
Interbank closing #ExchangeRate for today https://t.co/WrIwEXiMW2#SBPExchangeRate pic.twitter.com/D3kJuUb55d
— SBP (@StateBank_Pak) January 4, 2024
On Wednesday, the Rupee had closed trading at Rs281.72 after gaining 17 paisas in the interbank market.
Interbank closing #ExchangeRate for today https://t.co/bfEofcHWXE#SBPExchangeRate pic.twitter.com/xeNHWN25ys
— SBP (@StateBank_Pak) January 3, 2024
Meanwhile, on the international front, the US dollar went up on Thursday as investors reassessed their expectations of the scale of rate cuts by the Federal Reserve this year, with an air of caution hanging over markets after an impressive risk rally last month.
