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Dollar witnesses upsurge in interbank market

The interbank market witnessed an increase of 60 paise, pushing the date rate to Rs278.50.

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Dollar witnesses upsurge in interbank market
GNN Media: Representational Photo

Karachi: The value of the US dollar continues to surge against the Pakistani rupee in the interbank market, marking a consecutive third-day increase.

According to currency dealers, on the first day of the trading week, the dollar witnessed a rise of 60 paise in the interbank market, reaching PKR 278.50.

It should be noted that last week also saw a record increase in the dollar exchange rate during the last two trading days.

While previously, there had been a downward trend in the dollar's value due to the influence of international monetary funds.

On the other hand, the Pakistan Stock Exchange experienced a bullish trend at the beginning of the trading session, with the KSE-100 index surging over 200 points to reach 44,440 points.

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