Dollar closes at Rs 165.54 in Interbank
Dollar at interbank touched highest mark of 169.50 level
KARACHI (Dunya News) - The US Dollar at interbank closed on highest level by the end of the week. The dollar at interbank on march 27 closed in highest mark of Rs 165.54 rupees
During the week, the dollar gained 6.87 rupee against the Pakistani Rupee. The highest mark touched by dollar at interbank was of Rs 169.50. Intervention from the State Bank of Pakistan (SBP) and selling from exporters arrested the declining trend of the rupee.
The sharp rise in dollar s value increased the country’s debt burden by Rs 680 billion. The weakening rupee has been attributed to outflow of investments by foreign investors, loan payments and absence of exporters in early part of the week.
