Rupee sees marginal improvement against US dollar

ISLAMABAD: The Pakistani rupee saw marginal improvement against the US dollar as it appreciated 0.01 percent during the opening hours of trading in the inter-bank market on Thursday.

At midday, the rupee was hovering at 279.85, an increase of Re0.03 in the inter-bank market.

SBP penalises four banks Rs 83 million for regulatory violations

On Wednesday, the rupee had depreciated 0.16 percent to settle at 279.88 against the US dollar.

In a related development, the State Bank of Pakistan (SBP) imposed penalties worth Rs83.2 million on four banks during the quarter ending September 30, 2023, for non-compliance with legal or regulatory requirements.