The US dollar extended its downward trend in Pakistan’s interbank market on Friday, reflecting improving market stability and easing pressure on importers.
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According to the State Bank of Pakistan, the dollar slipped by one paisa to close at Rs279.10, compared to Rs279.11 in the previous trading session.
Market participants attributed the marginal decline to balanced demand and supply conditions, along with moderate trading volumes in the interbank market.
Analysts say the slight easing in the exchange rate indicates relative stability in the foreign exchange market, offering some relief to importers facing high costs amid global economic pressures.
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