Federal Budget

Dollar flies high, rises to Rs201.41 in Interbank

Dollar flies high, rises to Rs201.41 in Interbank

Business

US Dollar closed at Rs.201.41

KARACHI (Dunya News) – US Dollar closed at historic high against Pakistani Rupee (PKR) after rising by 47 paisa in the Interbank on Tuesday.

Weakening macros has kept the dollar demand elevated as the greenback closed at Rs201.41 on second business day of the week.

The local currency is being weighed by depleting foreign exchange reserves and uncertainty over the resumption of the International Monetary Fund (IMF) program.

Since the arrival of new government the dollar has gained Rs18.48 against the local currency.