Summary Increase in supply of USD has resulted in decrease of its value, says association president
KARACHI (Dunya News) – Forex Association of Pakistan on Tuesday is going to sell United States (US) Dollar worth at least ten million.
The association’s president has said that the people should not hush with purchase of dollar. He said that needy people who are eyeing the currency for medical treatment or educational purposes should not make huge purchase fearing increase in value.
Increase in supply of USD has resulted in decrease of its value, he added.
The forex president said that dollar is steady for now in the interbank market. He said that dollar trading stands at Rs 105.53. However, it is being sold at Rs 106.70 in the open market with a Rs 0.10 increase.
