US dollar rate in Pakistan down by Re0.01 to Rs278.40 on March 19

KARACHI: The US dollar rate in Pakistan marginally weakened by Re0.01 to Rs278.40 against the Pakistani rupee in the interbank market on Thursday (March 21), as per the State Bank of Pakistan (SBP).

On Wednesday, the rupee registered marginal improvement to settle at 278.41 against the US dollar, according to the SBP.

Internationally, the US dollar fell broadly on Thursday after the US Federal Reserve maintained its interest rate cut projections for the year in the face of upside surprises on inflation, and did not strike a more hawkish tone as some investors had feared.