KARACHI: The US dollar rate in Pakistan marginally strengthened by Re0.03 (03 paisa) to Rs279.36 against the Pakistani rupee in the interbank market on Friday (Feb 23).
At close, the local unit settled at 279.36, a loss of Re0.03 against the greenback, as per the State Bank of Pakistan (SBP).
On Thursday, the rupee improved marginally to settle at 279.33 against the US dollar, according to the SBP.
Globally, the yen headed for a fourth weekly drop on the dollar as investors chased better yields just about everywhere but Japan, wagering rates there would stay near zero for some time.
The greenback is the best performing. The dollar gained 0.1% to trade at 150.41 yen this week.
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.75 and Rs282.3, respectively.
