Rupee depreciates further, dollar up by Rs 18.98, closes at 285.09 paisa
Islamabad (92 News) – Due to the uncertainty in the currency market due to the delay in the agreement with the IMF, the dollar reached the highest level in the country’s history. done
The dollar rallied from early trading on Thursday. By the end of the day, the dollar had become expensive by Rs.18,98 paise in the interbank market, and it had become Rs.285,9 paisa.
Currency dealers say that the exchange rate of dollars to rupees by banks, and the news of interest rate hike, led to the increase in dollar value.
On the other hand, if we talk about the last 10 months, the value of the dollar has increased by more than 100 rupees, the dollar has become expensive by 102 rupees 16 paisa in the interbank market, while the dollar has become expensive by 103 rupees in the open market.
On April 11, the dollar was trading at the level of 183 rupees in the interbank market, while the dollar was trading at 185 rupees in the open market, and since the arrival of the current government, the dollar has become more expensive than 100 rupees.