On the other hand, the Pakistani Rupee has appreciated by 66 paisa against the US dollar in the outgoing week and closed at Rs156.86 in the interbank market
KARACHI -- The US dollar on Friday depreciated as the Pakistani rupee gained 73 paisa against the greenback in the interbank market
and traded at Rs157.50.
The US dollar observed a loss of 3 paisa against the PKR bringing it overall worth to PKR160.55 in the interbank market
on july 29.
KARACHI -- The interbank market
today saw the United States Dollar decreased slightly in value against the Pakistani rupee.
KARACHI -- The US dollar gained Rs1.21 against the Pakistani rupee in the interbank market
Earlier on Friday, the rupee lost its value by 30 paisa and closed at Rs158.79 against the greenback in the interbank market
The value of the dollar on Friday considerably decreased in the open market as well as the interbank market
by Rs2.50 and Rs4.20 respectively.
The US dollar rose by Rs1.10 in the interbank market
to reach Rs154.
The minister said that some firms, which were big beneficiaries of forex allocations by the central bank, were now trying to derail the interbank market
for their benefit.
SBI's 'Ecowrap' noted that even as there has been policy changes to liberalise capital inflows, merchant and interbank market
foreign exchange turnover give interesting insights regarding demand-supply matrix of foreign exchange.
8 in the interbank market
on Friday after which it reached at Rs.142.
A recent study by the Money and Banking Research Institute found that regulating the money market through the interbank market
is a preferred method for the CBI to monitor the liquidity flow in the economy.