Rupee hits a one-year high against the US dollar

Rupee hits a one-year high against US dollar
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Karachi: The Pakistani currency hit its highest level in a year against the US dollar in the interbank market on Tuesday as foreign exchange inflows increased.

Read: Exports remained above $2 billion for the consecutive past five months.

According to the State Bank of Pakistan (SBP), the rupee stabilized at 157.84 rupees on Tuesday from 158.03 rupees, indicating a stronger currency.

Read: Construction of affordable Naya Pakistan Housing Project starting in April

According to experts, the rupee’s appreciation will help curb inflation since Pakistan is mostly dependent on raw materials, equipment, and imported food.

For further updates, visit https://www.sirmaya.com/blog/news/.

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