BusinessDollar crossed record level of Rs. 215.2

Dollar crossed record level of Rs. 215.2

The value of the rupee has decreased by 4.3 rupees in the interbank market, after which the dollar has reached a record level of 215.2 rupees.

As the day began on the first day of the business week on Monday, the dollar rose by one and a half rupees to the level of 212 rupees 50 paisa in the Karachi Interbank Market.

Last week, the dollar closed at Rs 210.95, after reaching a high of Rs 211.93 on June 22, the dollar depreciated to Rs 204.56 by July 4.

The Karachi Interbank Market reached a record level of 212 rupees 50 paisa by an increase of 12 rupees to the dollar.

The depreciation of the rupee continued rapidly thereafter and the dollar appreciated by another 4.3 rupees to a record high of 215.2 rupees by noon.

However, after that there was an improvement trend in the value of the rupee and the dollar fell by 50 paisa to 214 rupees 25 paiss.

Saad Bin Naseer, director of Matts Global, attributed the increase in the value of the dollar to political instability.

He said that political instability has arisen after the by-election results in Punjab as these results have put a question mark on the future of the coalition government.

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