The rupee strengthened against the dollar last week as Pakistan received 2.5 2.5 billion in Eurobonds from the global market.
Rising foreign exchange reserves during the week boosted the dollar’s supply, while the rupee knocked out the dollar last week on expectations of further increase in remittances from overseas Pakistanis in the coming days.
During the week, the dollar, pound and Saudi riyal depreciated in the interbank and open market, while the euro appreciated and the dollar depreciated to a 15-month low of Rs 153 in the interbank market and Rs 154 in the open. Came down
During the week, the dollar fell by 61 paise to close at Rs 152.94 in the interbank market, while in the open market, the dollar fell by 70 paise to Rs 154.30.
Similarly, the interbank rate of British pound fell by 2.86 paise to Rs 209.64 while the value of British pound fell by Rs 1.50 to Rs 211 in the open market.
In contrast, the euro appreciated by Rs 1.28 to Rs 181.78 in the interbank market and by Rs 1 to Rs 181.50 in the open market.
The Saudi riyal depreciated by 16 paise to Rs 40.78 on the interbank market and by 10 paise to Rs 4.75 in the open market.
