KARACHI: The rupee crawled its way upward against US dollar in the exchange market on Friday, a day after the State Bank of Pakistan received a loan tranche from the International Monetary Fund (IMF), ARY NEWS reported.
According to forex dealers, the rupee moved upwards by Rs0.10 against US dollar and traded at Rs218.50 as the banks are selling the greenback at Rs219. In open market, the dollar is being traded between Rs219 and Rs221.
On Thursday, the US dollar shed value by Rs0.15 against rupee and traded at Rs218.60 while forex dealers said that the banks sold the greenback at Rs219.
In open market, the US dollar traded between Rs217 and Rs219.
Interbank closing #ExchangeRate for todayhttps://t.co/X4nH3Yanbp pic.twitter.com/eXpb0sM2d3
— SBP (@StateBank_Pak) September 1, 2022
The State Bank of Pakistan has confirmed on Wednesday that Pakistan has received a loan tranche of US$1.16 billion from the IMF.
2/2 This will help improve SBP’s foreign exchange reserves and will also facilitate realization of other planned inflows from multilateral and bilateral sources.
— SBP (@StateBank_Pak) August 31, 2022
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