KARACHI: Pakistani rupee inched up by o.11 percent against the US dollar in the interbank market last week, while it remained unchanged in the open market. According to the figures shared by the central bank, the rupee opened at 277.89 in the interbank market on Monday last and closed at 277.59 on Friday last, edging up by 30 paisas against the greenback. However, the local unit held ground against the greenback in the open market on a week-on-week basis and was quoted in the range of 277-280 against the dollar on Monday as well as Friday last. Similarly, the dollar was quoted at Rs296 in the black market/Hundi on Monday last and Rs295 at the end of the week, inching down slightly. During the recently started fiscal year 2023-24, Pakistani rupee has gained Rs8.40 against the US dollar in the interbank market, while it plummeted by Rs50.16 against the greenback in the current year. TLTP
