In the open currency market, the value of the dollar closed at the level of 287.50 rupees with an increase of 50 paise, Photo; File
Karachi: On Monday, the dollar saw a sharp rise and crossed the interbank rate of Rs 285.
Due to factors such as the lack of trust between the government and the IMF and the perception of non-renewal of the agreement due to the departure of the finance minister to the United States with the team to seek cooperation in the IMF agreement, the speed of the increase in the value of the dollar on Monday. Stay fast.
As a result, the interbank rates of the dollar crossed 284 and 285 rupees, while the open rate increased from 287 rupees.
Due to the persistent atmosphere of conflict on the political horizon and the unclear direction of the economy, not only the local important industrial sectors are under closure, but inflation and unemployment have also shaken the confidence of the commercial and industrial sectors, due to which the rupee continues to be under pressure. The pressure of foreign debt payments and non-receipt of financing guarantee from friendly countries is also increasing the pressure on the rupee.
In the interbank market, the dollar continued to advance steadily during the trading session as a result of which the interbank rate of the dollar closed at Rs 285.04 with an increase of Rs 1.25. Similarly, in the open currency market, the value of the dollar closed at the level of 287.50 rupees with an increase of 50 paise.
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