KARACHI: The dollar price in the open market once again fell below the interbank rate on Monday reflecting ample liquidity and low demand.

The State Bank of Pakistan (SBP) reported the greenback lost another 98 paise to close at Rs286.76 from Rs287.74 the previous session.

The appreciation for the 18th consecutive session has helped the rupee to be considered as the best-performing currency. The local currency recovered Rs20 or 6.5pc against the US dollar during September.

The dollar lost Rs1.50 to close at Rs286.50 from Rs288 in the open market due to slow buying and higher inflows. Currency dealers were not sure about the final price of the dollar but said it could be in the range of Rs280 to Rs285.

Published in Dawn, October 3rd, 2023