US dollar further depreciates against PKR in open market

Karachi: The US dollar became cheaper against Pakistani rupee by Rs7 in the open market on Wednesday.

It is important to remember that dollar closed at Rs323 rupees yesterday after falling by Rs5 in open market.

Today, the US dollar has depreciated by Rs7 to settle at Rs316 in the open market.

Speaking to a private news channel, Chairman Exchange Companies Association Malik Bostan said that black market operatives used to stop our clients on the way and offer higher rates than us due to which our supply was affected.

Malik Bostan also stated that due to the crackdown, the dollar had reached at Rs317 of Rs318 in the open market today which will decrease further.