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US Dollar Sixth Day Winning Streak Against Pak Rupee Continues

For the sixth successive day, the US dollar continues its winning streak against the Pak Rupee in interbank trade.

The Pakistani rupee, which gained 1.58 during intraday trade, was available at Rs227.40 per dollar, according to the Forex Association of Pakistan (FAP).

The forex organization noted that the exchange rate for the US dollar in the open market was between Pak Rupee Rs234 and Rs236.

It is important to note that the rupee has lost money overall against the dollar since the start of this week’s trading, even though it has received a loan tranche from the IMF for US$1.16 billion (IMF).

The Pakistani rupee lost Rs2  versus the US dollar in the interbank market the day before. State Bank of Pakistan (SBP) data indicates that the rupee depreciated 0.89 percent and ended the day at 225.88 to the dollar.


It is important to note that Pakistan has received a loan tranche from the IMF totaling US$1.16 billion, as verified by the State Bank of Pakistan.

Related:

USD To PKR Today – Rupee Wild Decline Continues

Pak Rupee Gained 2.90 Against US Dollar Trading At PKR 219

US Dollar On A Winning Streak Again Pakistani Rupee 5th Day In A Row

The Pakistani Rupee Fell Further Against The US Dollar

 

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