Karachi: The US dollar depreciated on the fifth and last day of the trading week in the Interbank and open market Foreign Exchange.
According to the data released by the State Bank of Pakistan, the dollar has depreciated by 4 paisas in the interbank market. According to Forex dealers, the dollar fell from Rs157.16 to close at Rs157.12 on the interbank market.
Interbank closing #ExchangeRate for today: https://t.co/y5jFuwWtnp pic.twitter.com/Udpq7DwHJD
— SBP (@StateBank_Pak) March 5, 2021
Whereas in open market, the buying rate of the US dollar was Rs157.1, while its selling rate was Rs157.9 on Friday.
Dealers said the local unit reversed some of the gains it made in the previous session, as political uncertainty outweighed the impact of positive developments on the economic front.
Moreover, an increase in the trade deficit also hurt the sentiment. Pakistan’s trade deficit widened 24% year-on-year to $2.52 billion in February due to higher imports and a decline in exports.
Valve made Microsoft’s dream console
- an hour ago
The SEC offered a dose of playoff football in Week 12
- 9 hours ago
How LimeWire ended the Napster music revolution
- an hour ago
Fortnite is coming to the Xbox PC store
- an hour ago
Jets' Boyd in critical condition after being shot
- 9 hours ago
Here are 25 of our favorite outdoorsy deals from REI’s massive Holiday Sale
- an hour ago
Game blouses: Bears use 'Chappelle's Show' Prince bit to troll Vikings, top Week 11's petty posts
- 9 hours ago
You can now buy pre-owned Ford vehicles on Amazon
- an hour ago
Stereogum soldiers on in the era of streaming and AI
- an hour ago
The Asus Falcata is an ambitious split ergo gaming keyboard that falls short
- an hour ago
Buy now, pay later is more dangerous than ever
- 8 hours ago
Grant breezes to 2nd LPGA title at The Annika
- 9 hours ago
