KARACHI: The US dollar rate in Pakistan marginally further weakened by Re0.27 to Rs278.14 against the Pakistani rupee in the interbank market on Thursday (March 22), as per the State Bank of Pakistan (SBP).
Inter-bank market rates for dollar on Friday
BID Rs 278.14
OFFER Rs 278.34
Open-market movement
In the open market, the PKR gained 10.00 paisa for buying and 13.00 paisa for selling against USD, closing at 278.14 and 280.73, respectively.
Against Euro, the PKR gained 2.62 rupees for buying and 2.60 rupees for selling, closing at 299.52 and 302.46, respectively.
Against UAE Dirham, the PKR gained 5.00 paisa for buying and 6.00 paisa for selling, closing at 75.50 and 76.22, respectively.
Against Saudi Riyal, the PKR gained 6.00 paisa for buying and 8.00 paisa for selling, closing at 73.74 and 74.42, respectively.
Open-market rates for dollar on Friday
BID Rs 278.14
OFFER Rs 280.73
Globally, the US dollar was set for a second week of broad gains on Friday, with even a rate hike in Japan unable to dislodge it, as investors figure US rates are high and not falling yet.
