KARACHI: The US dollar rate in Pakistan increased by Re0.19 (19 Paisa) against Pakistani rupee to Rs278.20 in the interbank market on Friday (June 7).as per the State Bank of Pakistan (SBP).
On Thursday, the rupee had closed at 278.39 after a loss of Re0.09.
In recent weeks, the domestic currency has largely been around 277-279 against the dollar as Pakistan moves forward with its plan to win a longer and longer International Monetary Fund (IMF) bailout programme.
Globally, the US dollar hovered close to an eight-week low on Friday, ahead of a crucial US jobs report that should provide clues on the timing of Federal Reserve interest rate cuts.
