In a significant turn of events, the value of the American dollar is on the rise once again, marking an end to its prolonged depreciation over the past month.
Today, the US dollar has seen a notable surge in both the open market and interbank exchange rates. In the interbank market, the dollar’s value has climbed by 2 rupees and 97 paisa, reaching a new high at 280 rupees.
For reference, the dollar had concluded business yesterday at 277.03 paise in the interbank market.
In the open market, the dollar’s ascent has been even more pronounced, with a remarkable increase of 3 rupees. This surge has propelled the dollar’s rate to 280 rupees, marking a noteworthy recovery.
As of the previous business day’s close, the open market had seen the dollar at Rs 277.
Check Today’s USD to PKR Rate
Simultaneously, the Pakistan Stock Exchange is exhibiting a positive trend today, with the Pakistan Stock Exchange 100 index experiencing a robust uptick of 101 points, reaching a substantial 49,632 points.
In contrast, the 100 index had closed at 49,531 points at the end of the previous business day. These developments in the currency and stock markets signify a dynamic shift that is capturing the attention of investors and financial experts alike.