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USD to PKR: Rupee gains ground against US dollar, rises to 2-week high in inter-bank market

11:05 AM | 13 Apr, 2023
USD to PKR: Rupee gains ground against US dollar, rises to 2-week high in inter-bank market
Source: File Photo

ISLAMABAD – Pakistani rupee recovered some ground against the US dollar in the inter-bank market on Thursday, a day after plunging to an all-time low amid economic uncertainty.

During the intra-day trading, the local currency moved up by Rs2.02 and was being traded at Rs284.60.

Earlier on Wednesday, PKR recovered some ground against the greenback, appreciating by 0.63 percent in the interbank market; it settled at 286.62 with an increase of Rs1.81.

Investors' confidence remains dented amid continued delay in International Monetary Fund (IMF) program, which has remained stalled since last year. The resumption of the IMF programme for the bailout funds is necessary as the cash-strapped country is facing back-breaking inflation and low foreign exchange reserves.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan Today - PKR to US Dollar, Euro, Pound, Dirham, and Riyal 12 April

Pakistani currency remains unchanged against US dollar and other currencies in open market on April 12, 2024.

US Dollar rate in Pakistan

On Friday, the US dollar was being quoted at 277.4 for buying and 280.65 for selling.

Euro was quoted at 299.95 for buying and 302.9 for selling while British Pound stands at 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.45 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 12 April 2024

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