KARACHI: The US dollar rate in Pakistan went cheaper by Re 0.79 (79 paise) and settled at Rs276.83 from Rs277.62 in interbank on Monday, the State Bank said.

Interbank closing #ExchangeRate for todayhttps://www.bolnews.com/business/2023/10/usd-to-pkr-rate-in-pakistan-down-by-79-paise-to-rs277-62-on-oct-16/amp/#SBPExchangeRate pic.twitter.com/gUNSFzqWwg

— SBP (@StateBank_Pak) October 16, 2023

The Pakistani rupee continued its winning spree against the US dollar as it gained another 0.29% in the inter-bank market on Monday. This is the rupee’s 28th successive appreciation against the greenback.

During the previous week, the rupee extended its winning streak gaining 1.79% during the five sessions to close at 277.62 against the US dollar in the inter-bank market.