KARACHI: Pakistani rupee further strengthened against US dollar in open market and remained stable in interbank as the State Bank of Pakistan injected Rs947.55 billion into the banking system.
As per the local currency market, the US dollar shed 10 paisas in open market to reach 102.40 and remained unchanged in interbank on 101.70. On Friday, the American currency lost 20 paisas in open market to close at 102.50 and remained firm in interbank at 101.70.
The central bank injected the massive amount into the system just two days after it generated Rs46.472 billion through auctioning Pakistan Investment Bonds. The latest insertion of amount has surged the open market injections to Rs979.85 billion last week.
