Karachi: On the first day of the trading week, the value of the dollar fell by Rs 1 to Rs 295.80 at the beginning of business.
At the end of the last business week, the dollar closed at 296.85 rupees in interbank.
During the previous week, the rupee appreciated nearly 2.1 percent to close at 296.85 against the US dollar in the inter-bank market.
The Pakistani currency continued to appreciate on all five days of previous trading week, extending its eight successive sessions as momentum continued.
Meanwhile, dollar is being traded at 296, with selling rate of 299 rupees according to data by Forex Exchange Pakistan.
This positive change comes as authorities introduced reforms in the Exchange Companies’ sector and reportedly cracked down on smuggling, lending support to the currency markets.