The US dollar price has decreased by 12 paisas in interbank against the Pakistani rupee.
The US dollar fell to Rs277.73 in the interbank trading.
Over the past year, the US dollar has significantly fluctuated against the Pakistani rupee in interbank trading.
The PKR has faced volatility due to economic factors, including political instability, high inflation, import pressure, and external debt obligations.
In 2023, the PKR reached a record low against the USD, crossing the Rs300 mark in September due to economic uncertainties and IMF loan conditions. However, towards the end of 2023 and into early 2024, a combination of governmental interventions and a reduction in import demand helped stabilize the currency.
The highs included levels above Rs300 /USD, while lows settled around the Rs275-280 PKR/USD range, showcasing the rupee’s sensitivity to both domestic policies and global economic trends.
The volatility underscores Pakistan’s ongoing struggle with foreign exchange reserves and economic reforms.
