The US dollar has depreciated by 16 paisas in the interbank market, bringing its value down to Rs278.50.
In today's trading session, the value of the US dollar saw a slight decline against the Pakistani rupee in the interbank market. The depreciation of 16 paisas led to the dollar being valued at Rs278.50.
A cheaper dollar can benefit importers who will now pay less for their goods, potentially lowering costs for consumers. However, exporters might see a decrease in their revenue when converting earnings back to rupees.
Market experts believe that the slight depreciation of the dollar could be due to various factors, including shifts in demand and supply dynamics, as well as broader economic trends.
