For the third consecutive day, the Pakistani rupee declined against the US Dollar, slipping below 290 during intraday trading today. began trading at 287.99 in the interbank market.
Open market rates, recorded across multiple currency counters, increased to a range of 298 to 303.
By the market close, the Pakistani rupee depreciated by 1.04 percent, settling at 291.51 after losing Rs. 3.02 against the US dollar today.
On the informal currency exchange market, the cash rate per dollar in Hundi ranged from 305 to 309. Additionally, there were reports from various sources suggesting rates as high as 310, though these were not officially documented.
Dollar rate in Pakistan, 15 August 2023
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