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Rupee turns stronger against US dollar in inter-bank market

Aizbah KhanWeb Editor

04th May, 2020. 07:48 pm
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Dollar to PKR: 1 USD to Pakistan Rupee, 5 June 2020

The the United States (US) dollar has registered decline against Pakistani rupees in the interbank as well as the open market.

According to the forex updates, the value of rupee inclined by Rs 0.42 against US dollar in the interbank market at the start of day’s trading.

In the interbank market the US is being traded at around 158.75 PKR.

Similarly, the US dollars also depreciated by Re 1 in the open market and currently trading at 159.50 PKR.

Earlier in April, Pakistani currency increased by Rs 2.5 to rate of Rs 158.5 against the US dollar in the interbank market on Wednesday today.

The price of the US dollar decreases due to the massive decrease in oil prices in the global market.

The buying rate of US dollars in Pakistani rupees is Rs 158.5 whereas the selling rate is 161.

Pakistani currency had increased by Rs 2.37 to rate of Rs 161 against the US dollar in the interbank market on Tuesday.

Also read: Oil Prices plunged below zero for the first time in history

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