Rupee surges to seven-week high
28-9-2023
KARACHI: Pakistani currency continued its impressive rally for the sixteenth consecutive working day, reaching a new seven-week high against the US dollar in the inter-bank market, thanks to increased inflows via the Roshan Digital Account (RDA). According to data from the State Bank of Pakistan (SBP), the rupee strengthened by 0.36%, equivalent to Rs1.05, settling at Rs288.75 against the US dollar on Wednesday. As a result, the currency now stands merely Rs0.26 away from its value before the caretaker government period at Rs288.49/$.