Dollar reaches record high of Rs148 in interbank market

Dollar reaches record high of Rs148 in interbank market

Citizens Voice Tv (Islamabad) The US dollar has further appreciated against the Pakistani rupee in the open and interbank Currency market.

According to media reports, the US dollar gained Rs6.61 against Pakistani rupee in the interbank market, rising to Rs148. In the open market, the dollar has gained Rs3, taking it to Rs147.

The exchange rate of Dollar in interbank remained constant and was traded at Rs141.39 while it appreciated by Rs2 in the open currency market, State Bank of Pakistan (SBP) reported on Wednesday.

The Pakistani rupee had depreciated to Rs146 in the open market following the rise in the dollar.

Last week, the exchange rate of Dollar in the open bank had increased by Rs2 and is being traded at Rs144. The dollar appreciated by as much as Rs3 in the open market in the last week.

According to a report, money changers said that the price of rupees is falling continuously due to which the market has become unstable, adding that people are buying a lot of Dollars, decreasing them in the market.

When PTI government was formed, the dollar was valued at Rs123, but due to continuous decline, it has now reached to over Rs144. The hike in the value of dollar comes as Pakistan and the International Monetary Fund (IMF) have reached a deal for Rs6 billion bailout package.

Related Articles

Suspects in Rawalpindi gang-rape case remanded to police custody

 Citizen Voice Tv (Islamabad) A local court on Sunday handed over four accused in the gang-rape of a girl to

UN fears 800,000 could be displaced in Syria´s rebel-held Idlib

Damascus -An expected government assault on Syria´s last rebel-held province, Idlib, and surrounding areas could displace as many as 800,000

Pakistan pushes for steps to prevent weaponization of outer space

UNITED NATIONS: Pakistan has called for preventing the weaponization of outer-space to ensure that it is explored and used for