Saturday, July 27, 2024
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PKR CONTINUES UPWARD MOMENTUM CLOSES AT RS 279.50

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The Pakistani rupee (PKR) continues momentum successful days in the forex market, ascending by 5 paisa against the US dollar in Wednesday’s interbank session. The local currency wrapped up the trade at an impressive PKR 279.50, compared to the previous day’s close of PKR 279.55 per USD.

CENTRAL BANK’S MONETARY POLICY STANCE

The central bank has decided to maintain the policy rate at 22% for the fifth consecutive meeting, which is a significant monetary policy decision. The bank’s ongoing efforts to preserve monetary balance and stabilise the economy are reflected in this decision.

PKR EXCHANGE RATES

GBP 354.2663

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Experienced Senior Research Analyst

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Irsa Sajjad, as a Research Analyst for Equities

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