KARACHI: The US dollar rate in Pakistan witnessed a marginal gain of Re0.03 against the Pakistani rupee and settled at 283.90 in the inter-bank market on Monday.
As per the State Bank of Pakistan (SBP), the rupee settled at 283.90 after a decrease of Re0.03.
Interbank closing #ExchangeRate for todayhttps://t.co/dpQDQBOjMR#SBPExchangeRate pic.twitter.com/8PsTzyPfJC
— SBP (@StateBank_Pak) December 11, 2023
During the previous week, the rupee extended gains as it appreciated 0.38% or Rs1.10 to settle at 283.87against the US dollar in the inter-bank market.
It was the fourth consecutive week that the rupee appreciated against the dollar, a momentum aided by the announcement of a staff-level agreement (SLA) between Pakistan and the International Monetary Fund (IMF) on the first review of the $3 billion Stand-by Arrangement (SBA).
The IMF executive board will meet on January 11 to consider the final approval to disburse the next $700 million tranche from its current loan programme with Pakistan.
