KARACHI: The US dollar rate in Pakistan marginally strengthened by Re0.03 (03 paisa) against Pakistani rupee to Rs278.36 in the interbank market on Monday (June3).as per the State Bank of Pakistan (SBP).
During the previous week, the rupee had decreased marginally as it lost Re0.12 or 0.04% against the US dollar. The local unit closed at 278.33 against 278.21 it had closed the week earlier against the greenback, according to the SBP.
Internationally, the currency market started the week cautiously, with the dollar slightly lower on Monday after data last week showed US inflation had stabilised in April, keeping the door open for the Federal Reserve to cut interest rates later in the year.
