US Dollar hikes to Rs146.25 in open market

US Dollar hikes to Rs146.25 in open market

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According to sources, the dollar gained Rs 2.25 against the rupee and was being traded at Rs146.25, according to the rates published by the Exchange Companies Association of Pakistan today (Wednesday).

The increase comes following Pakistan’s agreement with the International Monetary Fund (IMF) securing a $6 billion bailout on Sunday.

“The investors have taken the IMF conditions as negative, especially with regard to free float of the rupee against the dollar and increasing the interest rate,” Yawar Uz-Zaman, head of Research at Shajar Capital, a brokerage house in Karachi told AFP

On Tuesday, the rupee closed at Rs144 against the greenback, 0.20 percent weaker from the previous closing of Rs 143.70.

Let’s take a look at the recent rates.

 May 15, 2019

The Pakistani Rupee was traded at 141.00 the US Dollar in the open market.

 May 14, 2019

The Pakistani Rupee was traded at 141.00 the US Dollar in the open market.

May 11, 2019

The Pakistani Rupee was traded at 141.00 the US Dollar in the open market.

May 10, 2019

The Pakistani Rupee was traded at 141.00 the US Dollar in the open market.

 May 9, 2019

The Pakistani Rupee was traded at 141.00 the US Dollar in the open market.

 May 8, 2019

The Pakistani Rupee was traded at 141.00 the US Dollar in the open market.

May 7, 2019

The Pakistani Rupee was traded at 141.00 the US Dollar in the open market.

 May 4, 2019

The Pakistani Rupee was traded at 141.00 the US Dollar in the open market.

 May 3, 2019

The Pakistani Rupee was traded at 141.00 the US Dollar in the open market.

 May 1, 2019

The Pakistani Rupee was traded at 141.00 the US Dollar in the open market.

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