The US Dollar Pakistan Rupee (USD/PKR) exchange rate trades higher on Monday, after experiencing losses across the previous week. The pair trades +0.6% at 166.25.
The State Bank of Pakistan is due to make its monetary policy announcement today. The central bank is not expected to adjust the main interest rate which it cut by 100 basis points in June to 7%.
The US Dollar is trading higher as investors seek out its safe haven properties amid rising coronavirus cases and fears of tighter lockdown restrictions in Europe, which would hamper the global economic recovery.