Dollar value falls by 10 paisa in interbank market
In open market, dollar value recorded between Rs122 Rs123.50 after an increase of 50 paisa.
KARACHI (Dunya News) – The value of US dollar on Wednesday was recorded Rs 124.8 after a fall of 10 paisa in interbank market.
In interbank trade market the dollar value seems fluctuating between Rs 124 to Rs 124.10.
In open market, dollar value recorded between Rs122 to Rs123.50 after an increase of 50 paisa.
Band of buying and selling of dollar between Rs 122 to Rs 123.50.
Earlier on Tuesday, the Pakistani rupee, after four years of pause, reversed on expectation that the country would receive ample support from China and some global financial institutions helped domestic currency to improve by 2.6 percent.
The interbank saw grand opening and rupee strengthened sharply against dollar with recovery of nearly Rs 5.36 on Tuesday.
It is pertinent here to mention that, on July 27, the dollar value started to decline right after General Election 2018, and was recorded as Rs 127.86 in interbank market after a record high of Rs 130.
