US dollar surges slightly against Pakistani rupee

ISLAMABAD: The US dollar on Tuesday slightly appreciated against the Pakistani rupee showing an upward trend in its value.

According to the State Bank of Pakistan the US currency gained 48 paisa against the local currency and closed at Rs287.91 in the interbank.

Yesterday, the Dollar closed at Rs287.43.

Interbank closing #ExchangeRate for today https://t.co/hyaSSfJDya#SBPExchangeRate pic.twitter.com/u5Hb5mTgNe

— SBP (@StateBank_Pak) August 8, 2023

Earlier today, the mighty currency had opened the day with a jump of 26 paisas and began being traded at Rs287.70 in the interbank market.

Read more: IMF predicts about Pakistani currency’s value against dollar in 2024

Last month, The International Monetary Fund (IMF) predicted that the dollar will go up to Rs305 against the Pakistani currency in 2024.