KARACHI: The US dollar rate in Pakistan further strengthened by Re0.11 (11 Paisa) against Pakistani rupee to Rs278.61 in the interbank market on Wednesday (June 12).as per the State Bank of Pakistan (SBP).
On Tuesday, the rupee had closed at at 278.50 after a loss of Re0.13.
In recent weeks, the domestic currency has largely been around 277-279 against the dollar as Pakistan moves forward with its plan to win a longer and longer International Monetary Fund (IMF) bailout programme.
Internationally, the US dollar steadied on Wednesday after hitting a four-week high against peer currencies overnight as market players awaited key US inflation data and the Federal Reserve’s updated interest rate projections due later in the day.
