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Pakistan Rupee Strengthens Against US Dollar in Interbank Market

The Pakistani Rupee showed signs of improvement against the US Dollar in the interbank market, appreciating by 0.04% on Thursday, November 14, 2024.

According to the State Bank of Pakistan’s closing rates, the PKR settled at 277.74 against the USD, compared to Wednesday’s closing rate of 277.85.

Pakistan Rupee Strengthens Against US Dollar in Interbank Market

This marginal gain of 11 paisas reflects a positive movement in the local currency’s value. The appreciation indicates that fewer rupees are now required to purchase one US dollar in the interbank market.

Read More: Pakistan Stock Exchange Rises Over 500 Points

The slight strengthening of the rupee comes amid ongoing efforts to stabilize Pakistan’s currency market. The interbank closing rate serves as a key indicator of the country’s foreign exchange market performance.

Read More: Saudi Riyal remains unchained in Pakistan’s Open Market for Third Day

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Farhan Abro

Hello! My name is Farhan Abro, and I'm based here in Islamabad. My journey in Pakistan's digital media really kicked off when I founded INCPak back in 2012. We built it from the ground up, driven by an entrepreneurial spirit, to be a trusted voice for independent journalism. But while media is a big part of who I am, I'm also shaped by a fascinating mix of other passions. I'm deeply into automotive, which gives me a technical edge, but I also find my artistic expression through landscape photography and music. And I'm always diving into the exciting world of Artificial Intelligence. Bringing all these different worlds together the technical, the creative, the journalistic, and the entrepreneurial—it really colors how I see things and approach every project. It gives me a distinct perspective that I try to bring to everything I share

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