Dollar hits 156.80 against PKR in interbank market

Dollar hits 156.80 against PKR in interbank market

3 views

The Pakistani rupee on Tuesday depreciated against the US dollar by 18 paisa in the interbank market and was trading around Rs156.80 till the last report came in.

 

Yesterday, the local currency gained 24 paisa against the greenback and closed at Rs156.52.

On Friday, the rupee appreciated by 66 paisa against the dollar and closed at Rs156.86 in the interbank market.

In the last two months, the rupee has improved by Rs7.39 against the dollar in the interbank market. Within two months in the open market, the US dollar has lost its value by Rs6.80 against the rupee.

Earlier, Pakistan had received higher remittance inflows from overseas Pakistanis in the first month of July of the current fiscal year 2019-20.

Currency traders were of the view that the increasing inflows of remittance in have supported the local rupee in the market.

About author

Rava Desk

Rava is an online news portal providing recent news, editorials, opinions and advice on day to day happenings in Pakistan.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Your email address will not be published. Required fields are marked *