The US dollar rate in Pakistan further decreased by Re0.8 (08 paisa) against Pakistani rupee to Rs277.85 in the interbank market on Wednesday (Nov 13) as per the State Bank of Pakistan (SBP).
Globally, the US dollar remained near a six-and-a-half month high against other major currencies. This trend follows the recent election of Republican Donald Trump as US president, with markets reacting to anticipated policies like tax cuts and trade tariffs that could drive inflation.
As a result, US Treasury yields have increased, with investors speculating that the Federal Reserve may slow down its planned rate cuts.
The US dollar index, which tracks the dollar against a basket of global currencies, rose by 0.02% to 106.01, close to its peak of 106.17 reached on Tuesday, the highest since May.
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