The exchange rate of US Dollar slides down on the first day of the trading week in the interbank market. According to the data released by the State Bank of Pakistan, the dollar has decreased by 3 paisas in the interbank market.
Interbank closing #ExchangeRate for today: https://t.co/b9LQeiULfK pic.twitter.com/KHOA7ixkDK
— SBP (@StateBank_Pak) February 22, 2021
According to Forex dealers, the dollar run down from Rs159.10 to close at Rs159.07 in the interbank market.
In the open market, the buying rate of the US dollar was Rs158.9, while its selling rate was Rs159.6.
With increased inflows from the Pakistani diaspora to the Roshan Digital Account (RDA) and export proceeds, the Pakistani rupee is expected to remain firm.
However, a falling trend in foreign exchange reserves might have a negative impact on the market soppiness.
Argentina sings collective happy birthday to Messi
- 9 hours ago
Ninth Muharram processions taken out across country amid tight security
- 5 hours ago
Meta’s smart glasses now have a dedicated charging stand
- 21 hours ago
Hormuz traffic sees sharp uptick but not back to normal
- 4 hours ago
Who gave AI companies the right to build the future?
- 19 hours ago
Spice Girls' debut song 'Wannabe' turns 30 amid reunion talk
- 9 hours ago
The shallow authoritarianism of Trump’s Reflecting Pool
- 10 hours ago
Two major earthquakes strike Venezuela, death toll likely to reach thousands
- 8 hours ago
My go-to Kindle is back at its best price yet for Prime Day
- 12 hours ago
The fall of Britain’s prime minister is a warning for America
- 19 hours ago
9th Muharram-ul-Haraam being observed today; Youm-e-Ashur to be observed on Friday
- 9 hours ago
The Fitbit Air takes a smarter approach to the AI health dumpster fire
- 21 hours ago
