Dollar increased by Rs7.24 in interbank market during the week
KARACHI: In the interbank market, the dollar’s value increased by Rs 7.24 during the week.
The dollar achieved its maximum level at Rs156 during the business week. The US dollar rose by Rs2.94 in the interbank market to reach Rs155.84.
In the interbank market, Euro gained by Rs9.54, reaching Rs175.61. As for Pound Sterling, it was of Rs 197.03 by gaining Rs9.11.
The sliding rupee has given rise to alarm in Pakistan, which is already facing inflation that is likely to average more than 7 percent per year and rising fuel and energy expenses, both of which are strongly affected by the dollar exchange rate.