In the interbank market, the dollar declines in value as the rupee gains strength.

As the US dollar somewhat declined in the interbank market today, the Pakistani rupee began to show signs of strength.

The dollar dropped one paisa versus the rupee on the final trading day of the week, finishing at Rs279.95. The dollar closed at Rs279.96 yesterday.

The tiny decline, according to market observers, is indicative of ongoing attempts to stabilize the currency and increase investor confidence, providing the rupee with a minor but welcome respite.