KARACHI— – The US dollar quickly asserted its superiority over the Pakistani rupee on Friday, halting the rupee’s one-day winning streak.
The US dollar began the day with a 1.27 rupee rise at the interbank. While the dollar is trading at Rs 208.50 per rupee at the beginning of the sixth business day, interbank.
Thursday marked the first time in two months that the U.S. dollar fell below Rs 4.70 in interbank trading.
In contrast, the dollar’s value declined by Rs 4 versus the Pakistani rupee on the open market on Thursday, trading at Rs 209.50.