Rupee remains stable against US dollar

The Pakistan rupee remained stable on Wednesday as the local currency witnessed no major change and ended the interbank trading at Rs226.95 against the US dollar. It had closed at Rs226.94 yesterday.

Meanwhile, the dollar was available for Rs233.75 to Rs236.08 in the open market, representing the persistent massive difference between interbank and open market exchange rates.

On Tuesday (the first working day of the 2023), the rupee had plunged by Rs0.51 against the dollar in the interbank market.

Meanwhile, the local currency lost Rs2.3 to the pound sterling in interbank exchange rate and closed at Rs273.16 after starting the day from the previous day’s value of Rs270.9. Similarly, the rupee weakened by 99 paisa against euro which closed at Rs240.59.

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