Pakistani rupee’s marathon-run against US dollar continues in interbank
By News Desk
September 28, 2023 11:53 AM
Representational image
More steam added to the Pakistani rupee’s marathon-run against the US dollar in the interbank market on Thursday as the local currency registered its 17th consecutive increase against the greenback, reported 24NewsHD TV channel.
According to the State Bank of Pakistan, the rupee steadily appreciated by another Rs1.01 and ended the day at Rs287.74.
https://twitter.com/StateBank_Pak/status/1707353848803959045
On Wednesday, the Pakistani rupee had continued to strengthen against the US dollar, gaining 0.36%. At close, the rupee had settled for Rs288.75 in the interbank.
https://twitter.com/StateBank_Pak/status/1706992724828966953
In a key development, repatriation of profits and dividend by foreign investors on their investment in Pakistan sharply rose by 74.46% during the first two months of this fiscal year (FY24).
Meanwhile, the State Bank of Pakistan has announced its closure on Friday on account of Eid Miladun Nabi.
https://twitter.com/StateBank_Pak/status/1706576504568873081
Reporter Ashraf Khan
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