The US Dollar’s continuous decline against the Pakistani Rupee for 21 consecutive sessions indicates a significant shift in the exchange rate dynamics.
The Pakistani Rupee has sustained its upward momentum against the US Dollar, marking its 21st consecutive gain in the inter-bank market. This 0.37% increase reflects a strengthening of the Rupee relative to the Dollar.
According to the State Bank of Pakistan (SBP), the Pakistani Rupee closed at 283.62 against the US Dollar in the inter-bank market, marking an increase of Rs1.06.
For Pakistan, a stronger Rupee can impact imports, making them more affordable, while also potentially reducing the cost of servicing foreign debt.
