Dollar closes at Rs138.60 in interbank market
Last updated on: 05 December,2018 07:13 pm
The dollar closes at Rs138.80 in open market
KARACHI (Dunya News) – Dollar in interbank after two days of slide again show rising trend and closed higher on worries on economic front.
Dollar in interbank reached to its highest level during the session hitting Rs 139 level on the economic worries and most of the deals struck on that level. However, as some of the big requirements fulfilled, dollar saw some small trimming.
Dollar closed at Rs 138.60 level, increasing by 86 paisa. Similarly in the open market it closes around Rs 138.80 level up by 80 paisa.
According to an analyst the dollar up mostly on back of the economic worries and tussle in Islamabad over issue of the finance minister. Since last two days rumors are rife about the removal or resignation of the Finance Minister Asad Umar. Though it has been denied by the Finance Minister and the ministry but still investors are not convinced.
Another move (rumor) which hit the financial market was that soon State Bank of Pakistan governor, SECP and FBR chairmen would be removed. New name for SBP governor has been tipped-Shamshad Akhtar. These developments were enough to shake the financial market, said an analyst.
Details by Haris Zamir