BusinessIn a Single Day, the Dollar Reaches To Rs 188 In The...

In a Single Day, the Dollar Reaches To Rs 188 In The Interbank Market and Rs 190 In The Open Market

Karachi: In view of the current political situation in the country, the dollar has reached a record high against the rupee in the history of the country.

The dollar has reached a high of Rs 190. According to the report, the dollar has become uncontrollable against the rupee in the interbank and local open currency markets.

The dollar has appreciated by more than Rs 11 in the country since March 4, while the rupee has depreciated by 19.50 per cent so far this financial year.

According to a report by Forex Association of Pakistan With a record increase of Rs 2.15 against the rupee, the buying rate of dollar increased from Rs 186.10 to Rs 188.20 and the selling price increased from Rs 186.25 to Rs 188.40.

The price increased from Rs 189 and the selling price increased from Rs 187 to Rs 190.

According to the Forex report, the value of Euro also increased by Rs 2 which increased the buying price of Euro from Rs 201 to Rs 202.50 and the selling price increased from Rs 203 to Rs 205.

Similarly, the buying price of British Pound increased by Rs 2.50 from Rs 241 to Rs 243. The selling price increased from Rs 243.50 to Rs 246.

Related Stories

Pakistan: Petrol price hiked by Rs 4.53

According to the notification, the petrol price hiked by Rs 4.53 per litre, after which the new price has...

Pakistan Inflation to hit high of 25% this fiscal year: ADB

Pakistan Inflation to hit high of 25% this fiscal year. Asian Development Bank has released the annual outlook report...

A record decline in lending from banks to the private sector

In the current financial year, there has been a record decline in the provision of credit from banks to...

Trending on DiariesPK