Dollar slips below Rs279 after 3 years

KARACHI: After three years, the US dollar slipped below Rs279 on Friday in the inter-bank market, reflecting a sign of exchange rate stability. According to data issued by the Exchange Companies Association of Pakistan, the buying rate in the inter-bank market on Friday was Rs278.95, against Rs279 a day earlier. The US dollar was traded between Rs277-278 in March 2023 in the interbank market. However, before this appreciation of the rupee, the country was on the verge of default but recovered...

By none@none.com (The Newspaper's Staff Reporter)