A day after the Exchange Companies Association of Pakistan (ECAP) removed the fixed rate (cap) of the dollar in the open market, the value of the rupee has fallen in the interbank and open market.
According to data from the Forex Association of Pakistan, the dollar is selling at Rs 255 after a record drop of Rs 12 or 4.94% in the open market.
After the dollar closed at Rs 230.89 yesterday in the interbank market, the dollar fell by Rs 9.11 or 3.95% to Rs 240 today.
On the other hand, Pakistan Stock Exchange has witnessed a positive start of business this morning. Pakistan Stock Exchange 100 index has increased by 469 points to 40 thousand 254.
Yesterday, the 100 index closed at 39,785 points.
