Karachi: After the agreement between the IMF and Pakistan, the value of the dollar continues to decrease in the interbank and open market, today the interbank rate of the dollar decreased by 10 rupees 55 paise.
The agreement with the International Monetary Fund has started to have a positive impact on the Pakistani rupee, after which the value of the dollar fell by 10 rupees 55 paisa in the interbank market today, after which the interbank price of the dollar came to 275.44.
Read this: For the first time in 7 months, the rate of inflation decreased
In addition to the interbank market, the value of the dollar is continuously falling in the open market, in two days, the price of the American currency decreased by a total of 11 rupees, after which the price reached 279 rupees when the market closed today.
Apart from dollar, the value of euro, pound, dirham and riyal has also been recorded in the open market, according to which the price of riyal decreased by 3.70 rupees and riyal became 71.70 rupees.
Also read: Implications of the IMF Agreement; The stock exchange hit an 8-month high
The dirham fell by Rs 6.30, after which the dirham was trading at Rs 72.70. Similarly, the price of the pound has decreased by 13 rupees and is trading at 355 rupees. The Euro fell by Rs 8, and is trading at Rs 305.
read more: A huge drop in the value of the dollar by five rupees
According to Chairman Exchange Association of Pakistan Malik Bustan, the tendency to sell dollars is increasing due to the stabilization of the value of the rupee after the IMF agreement. He has claimed that the value of the dollar may come to Rs 250.
It should be noted that the dollar was sold at 312 rupees in the open market on May 30. Since May 30, the value of the dollar has decreased by 33 rupees.
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