KARACHI: The Pakistani rupee gained 0.12 percent against the US dollar on Thursday in the interbank market after remaining unchanged for two sessions.
As per the State Bank of Pakistan (SBP), the rupee closed at 223.69 after an increase of Rs0.26.
Interbank closing #ExchangeRate for todayhttps://t.co/99TTUaYPXR pic.twitter.com/ineMLrcA5N
— SBP (@StateBank_Pak) December 1, 2022
On Wednesday, the rupee remained unchanged against the US dollar to close at 223.95.
In a key development, Federal Minister for Finance and Revenue Ishaq Dar on Wednesday said steps are being taken to stop the smuggling of US dollar to a “neighboring” country, which will help the economy.
Moreover, Consumer Price Index (CPI)-based inflation recorded at 23.8% in November 2022 on a year-on-year (YoY) basis. On a month-on-month basis, it increased to 0.8% in November 2022 as compared to an increase of 4.7% in the previous month, showed data released by the Pakistan Bureau of Statistics (PBS) on Thursday.
“CPI inflation General, increased to 23.8% on year-on-year basis in Nov 2022 as compared to an increase of 26.6% in the previous month and 11.5% in Nov 2021,” said the PBS.
