The appreciation of the US dollar against the rupee was once again recorded across the country.
According to the data released on the social media website of the State Bank of Pakistan on Twitter, during the first business day of this week, an increase in the value of the US dollar against the rupee was seen by 38 paise.
According to the data, the price of the US dollar has increased from 283 rupees 20 paise to 283 rupees 58 paisa against the rupee.
On the other hand, the American currency has appreciated by one and a half rupees to 285 rupees 50 paise against the rupee in the open market.
Economists say that after Federal Minister Ishaq Dar’s early agreement with the IMF and the rollover of a loan of two billion dollars by China, it is likely that the value of the rupee will recover soon, however, due to the uncertainty of the situation. As the US dollar is depreciating, the value of the US currency will fall during the next business day.