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The Pakistani rupee maintained its upward trend against the US dollar in the open-market on Thursday as gap with the inter-bank market continued to stay narrow and within the prescribed limit set by the International Monetary Fund (IMF).

Currency dealers Business Recorder reached out to said the rupee was quoted at 288 for selling and 285 for buying purposes for customers.

At the end of trading on Thursday, the rupee settled at the same rates, according to data provided by the Exchange Companies Association of Pakistan (ECAP).

The rupee’s rate in the open market has strengthened, reducing the ‘premium’ to negligible values and meeting the benchmark set by the IMF.

In the inter-bank market, the currency was hovering at the 287 level.

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Haris Sep 28, 2023 01:50pm
Hey tulukan throw your venum here also. :):) because in open market rupee is getting stronger.
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Johnny Walker Sep 28, 2023 02:29pm
Nawaz k aanay ki khabar say Dollar Darr gaya........
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Hilarious Sep 28, 2023 02:30pm
Why not just make it 88? Or just 8? Why just 288? It’s all manipulated and fudged anyway. I guess Pakistan sat in the first row when Lebanon was teaching economics and finance 101.
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Johnny Walker Sep 28, 2023 02:44pm
@Haris, He is busy counting beggars in his "Bharat" mata
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faisal Sep 28, 2023 04:26pm
Let's see how long the can maintain it. Dollar is at all time high. I bet till november Imf review, we will see dollar at 320 something.
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Yousuf Sep 28, 2023 08:09pm
@faisal, I don’t know the Rupee is appreciated by force or Due to market demand/supply. If it’s by forcibly or with aggression then it will hurt exports significantly in few months and ultimately Rupee will cross 320 by end of June 30, 2024.
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Saeed Iqbal Sep 28, 2023 09:37pm
@Johnny Walker, so true the luser never misses an article to spew his horseshi*t
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faisal Sep 28, 2023 09:58pm
@Yousuf, I am no expert. But dollar rate is around 280 for the past 6 or more months, add compare it with inflation rate of around 40. It should be easy to estimate the actual value of ruppee.
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Pakistani1 Sep 29, 2023 03:30am
Gains are miniscule compared to the losses recently. Are the announced actions to check illegal dealings of foreign exchange continuing or stopped?
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