KARACHI: The US dollar rate in Pakistan further decreased by Re0.10 (10 paisa) against Pakistani rupee to Rs278.44 in the interbank market on Monday (Aug 19) as per the State Bank of Pakistan (SBP).
In recent months, the domestic currency has largely been around 277-279 against the dollar as traders keep an eye on some strong positive indicators.
During the previous week, the currency settled at 278.54 against the greenback.
Globally, the US dollar declined broadly on Monday and slid against the yen in particular as investors bet on a dovish tone emerging in the Federal Reserve’s July policy meeting minutes and Chair Jerome Powell’s upcoming speech at Jackson Hole.
