The local currency bounces back to weaken the greenback
Published a year ago on May 8th 2024, 11:51 pm
By Web Desk
Karachi: The Pakistani rupee slightly appreciated against the US dollar in the interbank trading on Wednesday. The local currency jumped in value by 0.01% to settle at Rs278.10, the State Bank of Pakistan (SBP) said.
The minor increase in the rupee follows Tuesday's closure at 278.12, reflecting a gain of Re0.12. The local currency's strength could be seen in the wake of improved economic indicators.
Interbank closing #ExchangeRatefor todayhttps://t.co/isqKMEXBuv#sbpexchangerate pic.twitter.com/2YDCVKzZUx
— SBP (@StateBank_Pak) May 8, 2024
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