The dollar's flight, not high, reached the highest level in the country's history
In interbank dollar 1 rupees 55 paise expensive, the price has exceeded 216 rupees
The dollar is making new highs in value every day, and the dollar is hitting new all-time highs every day. The price of dollar continues to rise in Pakistan. While the value of rupee continues to decrease.
After an increase of 1 rupee 55 paise in the dollar, it has become 216 rupees 75 paise.
Talking about the previous day, the dollar was closed at 215 rupees 20 paise.
The start of the business week on Monday also saw a rise in the value of the dollar and during trading the dollar once again reached its highest level in the country's history. The dollar closed at Rs 215.20 at the close of business on Monday.
Today, the dollar has become more expensive by one rupee and 55 paisa in the interbank. Interbank rate of dollar is 216 rupees 75 paise.
It should be noted that the price of the dollar increased by 3 rupees 79 paisa to 214 rupees 74 paisa in the interbank market yesterday.
While the dollar was sold at Rs 216 in the open market, the Pakistan Stock Exchange also showed a bearish trend and the 100 index fell 431 points to trade at 41643. Earlier, on the last business day of last week, the dollar rose by 1 rupee 15 paisa in the interbank market after the agreement between Pakistan and the IMF on the loan program rehabilitation.
There was an unexpected increase in the value of the Pakistani rupee as the currency market was expecting an increase in the value of the Pakistani rupee after the deal with the IMF was settled.
However, on the last day of the business week, the dollar rose by more than Rs 1 in the interbank exchange rate.
According to the data released by the State Bank, at the end of the business day on Friday, the dollar rose by 15 paise to the level of 210 again.