Dollar records slight decline in interbank market
ISLAMABAD: The US dollar has recorded a slight decline in the value of the interbank market. According to the State Bank of Pakistan, the dollar closed at Rs 278.77 at the end of the business day, down 3 paise.
Foreign exchange market experts say that this slight decline in the value of the dollar has been seen due to a decrease in the pressure of import payments and the inflow of foreign funds.
According to them, the rupee has maintained a stable trend in recent days; however, global market conditions and local economic factors can cause fluctuations in it.
Experts further say that if the foreign exchange reserves improve and remittances continue to increase, the rupee may become more stable, which is also expected to have a positive impact on inflation.
