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Greenback nears all-time excessive worth towards PKR

by Pakistan Latest News Update

US greenback nearing its all-time excessive worth after gaining Rs1.09 within the interbank on Tuesday.

Throughout interbank buying and selling on Tuesday morning, a single greenback was being traded for as excessive as Rs239.
On Monday afternoon, on the shut of buying and selling within the interbank, the rupee had closed at Rs237.91. However on Tuesday, the rupee misplaced one other Rs1.09.
The US greenback attained an all-time excessive worth of Rs239.94 on July 28 earlier this yr.
Up to now 13 days, the rupee has misplaced round Rs20 in worth.
Within the open forex market, the greenback continued to behave as per black market guidelines with its worth exceeding Rs246.
Pakistan’s exterior debt has elevated by Rs2 trillion because of the rise within the worth of the greenback.
In accordance with the forex sellers, meals imports of $1 billion have brought about a lift within the demand for {dollars}.
Even the IMF program’s restoration was unable to decrease the worth of the greenback.

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