Karachi:
In both foreign exchange markets, the rupee continued to depreciate against the dollar on Wednesday.
Foreign confidence in Pakistan increased after a long period due to current account deficit, surplus, foreign direct investment of 350 million dollars in Pakistan during September, 2 billion dollars from the World Bank and the International Monetary Fund to tackle the challenges of climate change. The dollar remained in reverse gear in both foreign exchange markets on Wednesday due to factors such as the expected financing of
Due to the improvement in macroeconomic indicators and positive sentiments, the value of the dollar in the interbank market during the business period fell by 18 paisa to the level of 277 rupees 55 paisa, but with the improvement in supply, the import nature of the demand ended the business. But the interbank rate of the dollar closed at the level of 277 rupees 72 paise with a decrease of only 01 paise.
In the open currency market, the value of the dollar decreased by 05 paisa to close at the level of 278 rupees 67 paisa.
