KARACHI: The US dollar rate in Pakistan remained unchanged against the Pakistani rupee in the open market on Tuesday (Nov 28).

During the day, currency dealers said the rupee was traded at 287 for selling and 284 for buying purposes for customers, unchanged from Monday’s close.

At the end of trading on Tuesday, the currency closed at the same rates, according to data provided by the Exchange Companies Association of Pakistan (ECAP).

Meanwhile, in the inter-bank market, the rupee registered a slight gain against the US dollar as it appreciated 0.04%. As per the State Bank of Pakistan, the local unit settled at 285.52, an increase of Re0.12.

The gap between rates in the inter-bank and open markets is required to be less than 1.25% under one of the structural benchmarks set by the International Monetary Fund (IMF).