Karachi: On the third day of the business week, the downward trend of the dollar against the rupee in the interbank market for the last 2 days was broken.
As trade opened on Wednesday, the dollar initially strengthened against the rupee and gained 6 paise in the interbank market, but later settled by Rs 2.06 to trade at Rs 277.50.
Later, the value of the dollar rose further in the interbank market and rose by Rs 2.56 to Rs 278 to the dollar by noon. Meanwhile, in the open market, the dollar increased by one rupee to 280 rupees.
It may be noted that on the first and second days of the current business week (Monday and Tuesday), the dollar lost its value sharply against the rupee. Yesterday, the dollar fell by a total of Rs 10.55 to trade at Rs 275.44 in the interbank market. Similarly, during the last two days in the open market, the price of the dollar decreased by 11 rupees to reach 279 rupees.
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