US dollar registers fresh gains against rupee in interbank and open market
In the open market, the value of the Pakistani rupee fell 10 paisa and was closed at Rs156.40.
KARACHI (Dunya News) – The US dollar made fresh gains against Pakistani Rupee in interbank and open market on Thursday.
In Interbank Pakistani rupee became cheaper by 16 paisa, after which the new value of the US currency closed at Rs156.10.
Likewise, in the open market, the value of the Pakistani rupee fell 10 paisa and was closed at Rs156.40.
On Wednesday, Pakistani Rupee continues to make fresh gains against US dollar in interbank on Wednesday. In interbank, the dollar became cheaper by 1 paisa, after which the new value of the US currency closed at Rs156.15.
Likewise, in the open market, the value of the dollar remained stable and was closed at Rs156.25.
On Monday, the local currency gained 24 paisa against the greenback and closed at Rs156.52.
It is pertinent to mention here that in September, 2018, the greenback traded at Rs134 and later in November, it weighed around Rs142. At the end of previous year, the local currency traded at Rs139.40 against the dollar.
Earlier, economists had expressed fears that the rising oil prices in the international market after attacks on Saudi Arabia’s state-owned Aramco oil facilities would adversely affect the rate of US dollar. They had termed the development as “bad omen for Pakistan’s economy.”
In the previous two months, the local currency had recovered significantly against the greenback in the interbank market.
Currency traders were of the view that the increasing inflows of remittance in have supported the local rupee in the market.
