KARACHI: The US dollar rate in Pakistan marginally weakened by Re0.06 (06 paisa) against Pakistani rupee to Rs278.30 in the interbank market on Tuesday (June4).as per the State Bank of Pakistan (SBP).
On Monday, the rupee had closed at 278.36, down by Re0.03.
In recent weeks, the domestic currency has largely been around 277-278 against the dollar as Pakistan moves forward with its plan to win a longer and longer International Monetary Fund (IMF) bailout programme.
Globally, the US dollar languished at its lowest since March against the euro and sterling on Tuesday as signs of a softening US economy boosted the case for earlier Federal Reserve interest rate cuts.
