USD To PKR Today: In the interbank market, pressure on the local currency persisted as the Pakistani rupee’s wild decline versus the US dollar continued on Tuesday 06th September.
According to specifics, during intraday activity today in the interbank market, the Pakistani Rupee(PKR) decreased to Rs221.50 versus the US dollar (USD).
Even though Pakistan received a US$1.16 billion loan tranche from the IMF today, the US dollar recorded a marginal gain against the rupee yesterday, continuing its upward trend in the currency market.
Interbank exchange rates for the dollar rose by Rs0.49 to Rs219.47, according to currency traders, while banks were selling it for Rs219.80.
The price of the dollar ranged between Rs225 and Rs227 on the open market.
Official Rates of US Dollar as stated by SBP yesterday:
— SBP (@StateBank_Pak) September 5, 2022
It is important to note that, one day after the State Bank of Pakistan got a loan tranche from the International Monetary Fund, the rupee suffered a setback on Friday after losing value versus the US dollar in the interbank market (IMF).
The receipt of a $1.16 billion loan tranche from the IMF has been verified by the State Bank of Pakistan on Wednesday 31st August 2022.