US Dollar vs Pakistani Rupee Rate Today – November 20, 2023

The Pakistani Rupee registered slightly gain against the US Dollar in inter-bank during early hours of trading.

At 11:30 am, the rupee stood at 285.90 in the inter-bank market, reflecting a rise of Re0.60.

In the preceding week, the rupee broke its losing streak, closing 0.18% or Re0.53 higher at 286.50 against the US dollar in the inter-bank market.

The local currency bounced back from four weeks of losses, a rebound attributed to the announcement of a staff-level agreement (SLA) between Pakistan and the International Monetary Fund (IMF) concerning the first review of the $3 billion Stand-by Arrangement (SBA).