The Pakistani rupee experienced minor movements against the US dollar this week, reflecting a stable but cautious currency market.
On Monday, August 4, the interbank rate stood at Rs 283.600 per US dollar, opening the week on a steady note. On Tuesday, August 5, the rupee slightly weakened to Rs 283.750, as demand for the dollar increased in the import and corporate sectors.
The local currency continued to lose marginal ground on Wednesday, August 6, closing at Rs 283.940. Market dealers attributed this to routine payments and mild pressure in the forex market.
On Thursday, August 7, the rupee showed slight recovery, improving to Rs 283.875 per dollar. This stability was supported by inflows from remittances and a relatively calm global currency environment.
On Friday, August 8, with the rupee at Rs283.800, marking a minimal change compared to the previous day and highlighting a balanced demand-supply situation.
Read More: PKR weekly report: Rupee strengthens after early week losses
