Decline in the value of the US dollar

The US dollar fell for the third day in a row, falling 28 paise on the interbank market, according to reports.

Baaghi TV: On the last day of the business week, the dollar depreciated by 28 paise against the Pakistani rupee to 166 rupees 30 paise. Yesterday, the US currency had depreciated by 18 paise, after which the dollar was trading at Rs 166.58.

It is noteworthy that the appreciation of the Pakistani rupee due to the increase in Pakistan’s foreign exchange reserves is a positive trend for the country’s economy. As of July 3rd, SBP’s foreign exchange reserves had risen from 810 million to 12.4 billion.

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