Dollar gains Rs1.52 in interbank market

The US Dollar gained Rs1.52 against Pakistani Rupee in the interbank on Wednesday.

According to a State Bank of Pakistan tweet, the US Dollar opened at Rs158.31 and closed at Rs159.83. The greenback gained Re1.67 against the greenback during the last three days.

Analysts believe that the fall in the value of the rupee is sentiment driven. They feel the rally is reaching its end and the dollar against the rupee has bottomed. As a result, investors are buying more dollars.

- Advertisement -


  1. It sounds good in political terms, however in my understanding if the currency is overvalued it’s maligned, it affects our exports negatively.


Please enter your comment!
Please enter your name here

- Advertisement -

Must Read

PIBs fail to attract any foreign inflows during July

The first month of the 2021-22 financial year passed without any foreign inflow in the Pakistan Investment Bonds (PIBs) which attracted $256 million during...