The interbank rate of the dollar increased by 83 paisa and the open currency market rate increased by two rupees (Photo: File).
Karachi: Due to efforts to keep the exchange rate free under the pressure of the IMF and eliminate the black market, the dollar continued to fly in both the foreign exchange markets on Monday, due to which the interbank rate of the dollar exceeded 281 rupees, while the open rate exceeded 285 rupees. came to the level of
Due to factors such as increasing domestic foreign exchange reserves and a slight improvement in positive economic indicators, the value of the dollar in the interbank market on Monday fell by 83 paise to 279.95 rupees, but the exchange rate depends on market forces. The dollar started to fly again due to the
At one point, the value of the dollar increased by 1.19 rupees to 281.96 rupees. Similarly, in the open currency market, the dollar closed at Rs 285 with a huge increase of Rs 2.
Experts say that despite the government’s statement to complete the IMF program at all costs, the recovery of the loan program is delayed, but it is felt that the dollar rate would have hovered around 280 rupees until the announcement of the staff level agreement. will remain
Experts say that these days the foreign exchange markets are running on negative and positive news spreading in the country instead of supply and demand.
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