From Zeeshan Mirza
KARACHI: The US dollar (USD) dropped further against the Pakistani rupee (PKR) as it closed at Rs295.95 in the interbank trading.
Pakistani rupee (PKR) gained Rs0.90 against the US dollar in the interbank trading and closed at Rs295.95 as compared to the September 15 rate, 296.85.
According to the forex dealers, the greenback is being traded at Rs297 in the open market whereas, the banks traded the greenback to importers at Rs296.45.
It is pertinent to mention here that the US Dollar (USD) index hit its highest level in six months on Sep-tember 14, as economic data was mostly stronger than anticipated and the European Central Bank (ECB) signaled it was finished with its rate hike cycle.
