Wednesday August 25, 2021

US Dollar Jumps To 11-Month High Rate Against Rupee

KARACHI: The upward trajectory of the United States (US) dollar continued on Wednesday after it touched the 11-month high rate against the Pakistani rupee in the interbank.

According to forex dealers, the greenback saw an increase by Rs1 in the interbank today to close at an 11-month high against the rupee. “The US dollar now stands at Rs166.20 against Pakistani rupee,” the dealers in the forex market said.

Economic experts have previously attributed the spike in the dollar value to strong demand saying imports and debt repayment were pushing the greenback’s price in the interbank market.

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