KARACHI: The US dollar rate in Pakistan witnessed decline by Re0.53 to Rs285.97 against Pakistani rupee in interbank market on Monday (Nov 20).
As per the State Bank of Pakistan (SBP), the rupee settled at 285.97, an increase of Re 0.53.
Interbank closing #ExchangeRate for todayhttps://t.co/nc62s3hAjv#SBPExchangeRate pic.twitter.com/s5iBG7ouvf
— SBP (@StateBank_Pak) November 20, 2023
The local currency had rebounded from 4-week losses, helped by the announcement of a staff-level agreement (SLA) between Pakistan and the International Monetary Fund (IMF) on first review of the $3 billion Stand-by Arrangement (SBA).
The Pakistani rupee experienced further gains against the US dollar in the open market on Monday.
During the day, currency dealers said the rupee was being quoted at 287.50 for selling and 284.50 for buying purposes for customers.
