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US dollar loses Rs2.15 in interbank market, trades at Rs224

Zain Aijaz by Zain Aijaz
August 5, 2022
in Business, Featured, Latest News, National, News, Top News
Reading Time: 1 min read
US dollar loses Rs2.15 in interbank market, trades at Rs224

KARACHI: On Friday, the Pakistani rupee continued to gain strength against the US dollar. The greenback lost Rs2.15 and traded at Rs224.5 in the interbank market. In the open market, the dollar fluctuated between Rs220 and Rs223. During the last five days, the US dollar has shed Rs16 against the rupee.

Analysts said that a positive response from International Monetary Fund (IMF) had helped the rupee to gain value. Earlier on Tuesday, an IMF representative in Islamabad Esther Perez Ruiz confirmed that Pakistan had completed all the targets set by IMF.

She added that a meeting of the Executive Board would be called in the later half of August.

Zain Aijaz

Zain Aijaz

Zain is a media student and a writer by passion. He is a certified creative writer from Wesleyan University and enthusiastically writes on non-fiction and political satire. He is vastly experienced in the field of theatre and has served as a theatre mentor across different institutions. Currently, he is a contributor at The Upcut and can be reached at zainaijazdehlvi@gmail.com

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