Forex News

The dollar also crossed Rs 226 in the interbank market

The high flight of the dollar continues for the third day in the interbank market. The US dollar became more expensive by 4 rupees against the Pakistani rupee.

 Despite an agreement with the IMF to revive Pakistan’s debt program, the rupee continued to depreciate, with the dollar hitting an all-time high in the interbank market.

The opening of the business day on Wednesday also witnessed an increase in the value of the dollar, and during the trade, the dollar once again crossed the highest level in the history of the country against the rupee. The dollar rose by Rs 4.52 to a fresh high of Rs 226.51 in early trade in the interbank market.

By the time the market closed yesterday, the overall value of the dollar had increased by Rs 6.79 and closed at Rs 221.99.

According to experts, due to the change in the Punjab government and the uncertain political situation after the results of the by-elections in Punjab, the value of the rupee has suddenly decreased.

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