The Pakistani rupee seemed to have shrugged off the split mandate thrown up by the Thursday’s elections and continued business as usual against the US dollar in the interbank market on Monday, reported 24NewsHD TV channel.
As per the information obtained from the money traders, the local currency went up marginally against the greenback registering appreciation of 34 paisas and was currently being traded at Rs279.
During the previous week, the Pakistani rupee had marginally gained as it registered 13 paisas increase against the US dollar, settling at Rs279.34.
https://twitter.com/StateBank_Pak/status/1755926366787125492
API Response: The shorter but crucial week for the country saw millions of citizens in the country exercising their right to vote on February 8. As per provisional results issued by the Election Commission of Pakistan (ECP), independents, especially those associated with the Pakistan Tehreek-e-Insaf, were ahead of their rival parties. However, a coalition government is in sight as no party could acquire a simple majority in the election.
Reporter Ashraf Khan