US dollar in Pakistan witnesses no change in open market on Dec 20

KARACHI: The US dollar in Pakistan witnessed no change against Pakistani rupee in the open market on Wednesday (Dec 20).

During the day, currency dealers said the rupee was being quoted at 284.25 for selling and 281.25 for buying purposes for customers.

On Tuesday, the currency had settled at 284.25 for selling and 281.25 for buying, according to data provided by the Exchange Companies Association of Pakistan (ECAP).

Meanwhile, in inter-bank market, the rupee was hovering at 282-283 level against the greenback on Wednesday afternoon.

Despite low foreign exchange reserves, the market remains confident amid an expected release of funds by the International Monetary Fund (IMF) next month, said experts.