Islamabad: The Pakistani rupee strengthened by 3 paisa against the US dollar in the interbank market today, reflecting modest gains amid improved market sentiment.
Analysts attribute the slight appreciation to increased foreign remittances and stable demand for the local currency. The move, though minor, provides temporary relief to importers and businesses relying on foreign exchange.
Traders noted that while the rupee’s gain is encouraging, sustained improvement will depend on economic reforms, foreign inflows, and global market conditions. The State Bank of Pakistan continues to monitor the exchange rate to maintain stability.
Read More : Rupee Sees Modest Gains and Losses Against Major Currencies
