The Pakistani rupee appreciates as the dollar declines in the interbank market.

On Thursday, the Pakistani rupee appreciated little against the US dollar in the interbank market, maintaining its current upward trajectory.

The dollar depreciated by one paisa, concluding at PKR 280.26, a decrease from the PKR 280.27 seen the prior day.

Traders observed that the rupee is progressively strengthening, indicating enhanced market sentiment and consistent demand for the domestic currency.

Experts assert that minor daily fluctuations may accumulate over time, contributing to the stabilization of the exchange rate.

The interbank market is closely observing currency flows, as variations in the dollar can affect imports, exports, and overall economic performance.