Fri. Jul 12th, 2024
US Dollar Sees Sharp Rise Against Pakistani Rupee

US Dollar Sees Sharp Rise

US Dollar Sees Sharp Rise: The US dollar started Monday’s trading day valued at Rs287.50, while the interbank exchange rate increased noticeably by 47 paisas.  The foreign currency increased in value by Re1 on the open market to Rs 289. At Rs287.55, the Dollar ended Monday’s trading session. 

امریکی ڈالر نے پیر کے کاروباری دن کا آغاز 287.50 روپے سے کیا، جب کہ انٹربینک ایکسچینج ریٹ میں 47 پیسے کا نمایاں اضافہ ہوا۔ اوپن مارکیٹ میں غیر ملکی کرنسی کی قدر میں 1 روپے کا اضافہ ہوا جس کی قیمت 289 روپے ہوگئی۔ 287.55 روپے پر، ڈالر پیر کے تجارتی سیشن کا اختتام ہوا۔

The US dollar has steadily risen over the last few weeks as Pakistan holds vital discussions with the IMF to get the next instalment of more than $700 million from a billion-dollar loan package.

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The US dollar strengthened against the local currency on Friday, the last day of trading, with an increase of 60 paisas in the interbank market. In the Interbank, the US dollar’s new price was Rs287.50. 

انٹربینک ٹریڈنگ کے اختتامی وقت پر، امریکی ڈالر PKR کے مقابلے میں 13 پیسے کے اضافے کے بعد روپے 287.03 تک پہنچ گیا۔

On the final trading day of the current business week, the depreciation of the rupee persisted, according to Forex dealers.

Even after the crackdown and short-term measures to boost the local economy and regain the lost value of the rupee—such as arresting those involved in the hawala/hundi business nationwide—the local value continued to decline to the powerful US dollar, despite its best performance in September of this year. 

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