The rupee strengthens as the dollar continues to lose value



The Pakistan rupee depreciated Friday against the US dollar in 20 countries in the open market and closed at 156.70 rupees.

On the interbank market, the dollar falls to 6 countries to close at 156.32.

The rupee was traded in a very narrow range of 56 paisa to the dollar, with a maximum intraday offer of 156.80 and a low intraday bid of 156.28.

During the week, the currency gained 53 paisa against the dollar, since the conclusion of the previous week at 156.86 PKR for one US dollar.

In the open market, PKR traded at 156.20 / 157.50 for one dollar.

Alternatively, the currency lost 39 paisas against the British pound, as the day's closing price was 192.27 PKR per GBP while the previous session closed at 191.88 PKR per GBP.

On the other hand, the value of the PKR strengthened in 3 countries compared to the euro, which today closed at 172.56 PKR within the interbank bank.

In addition, in the money market, the State Bank of Pakistan (SBP) conducted an open market operation in which it injected 1.21 billion rupees for 7 days at 13.32%.

The pension rate at the end of the session was 13.25 / 13.50%, while the one-week rate was 13.30 / 13.40%.

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