Rupee’s value falls against US Dollar


ISLAMABAD: The Pakistani Rupee started the week with an exchange rate of Rs 285.43 against the US Dollar in the interbank market after experiencing a slight decrease of 6 paisas, depreciating by 0.02 percent on Monday.
The PKR had appreciated by 27 paisas against the US dollar in the interbank market on Friday – the last trading day of the business week.

Stock market posts fluctuations after holidays

The Greenback is currently being traded at Rs 285. The local unit went down 0.05 percent in the interbank market, closing the day at Rs 285.27 with a decrease of 66 paisas.

On the other hand, the stock market was in the midst of a strong November rally, and the gains could last through year-end. Meanwhile, Pakistan’s foreign exchange reserves experienced a decline, with the State Bank of Pakistan (SBP) witnessing a weekly decrease of $217 million, marking a total of $7.2 billion as of November 17.  – INP

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