KARACHI: The Pakistani rupee Tuesday snapped its four-session winning run against the US dollar, depreciating 0.60% in interbank.
As per the State Bank of Pakistan (SBP), the rupee settled at 261.50 against the greenback, a decline of Rs1.58 in the interbank market.
Interbank closing #ExchangeRate for todayhttps://t.co/eSIynQ6OJ6 pic.twitter.com/TFfaNXEDvs
— SBP (@StateBank_Pak) February 28, 2023
The rupee had registered its fourth successive gain on Monday, settling at 259.92 after an appreciation of 0.03% against the greenback.
Meanwhile, the State Bank of Pakistan (SBP) on Tuesday said it has called a meeting of its Monetary Policy Committee on March 2 — two weeks earlier than scheduled — when it is expected to raise the main policy rate.
“The forthcoming meeting of the Monetary Policy Committee has been preponed and now it will be held on Thursday, March 02, 2023,” the SBP said in a brief statement.
