The US dollar on the second day of the trading week— Tuesday has hit a one-year low in domestic exchange markets.
Karachi: In the interbank exchange market, the US dollar lost 19 paisa to close at Rs157.85. Whereas, in the open market, the dollar fell 40 paisas to Rs157.90 at the closing of the currency market.
Interbank closing #ExchangeRate for today: https://t.co/NAeb3QgmXQ pic.twitter.com/e83J57kcku
— SBP (@StateBank_Pak) March 2, 2021
According to the data released by the State Bank of Pakistan, the dollar has decreased by 19 paisas in the interbank market. Dealers also opine that the next range for the rupee could be Rs157.40 to Rs157.90.
“The demand for the hard currency remained subdued due to fewer import payments. Strong inflows from remittances and Roshan Digital Account have increased the dollar supplies in the market,” said a currency dealer. “We expect the rupee to easily trade below Rs158 levels/dollar in the coming sessions. The next range for the rupee could be Rs157.40 to Rs157.90.”
Maybe it’s time for The Bachelor franchise to end
- 3 گھنٹے قبل
Hollywood action film legend Chuck Norris passes away
- 13 گھنٹے قبل
Alkhidmat president celebrates Eid with Gaza orphans, refugees in Cairo
- 15 گھنٹے قبل
The pain from the Strait of Hormuz crisis will be felt far beyond the pump
- 3 گھنٹے قبل
Epic and Disney now let Fortnite creators make Star Wars games
- 5 گھنٹے قبل
The people dying in ICE custody
- 3 گھنٹے قبل
James Talarico’s “no meat” controversy explains a lot about America
- 3 گھنٹے قبل
How to talk to your doctor about money
- 3 گھنٹے قبل
The coolest game controller for your phone is $50 off
- 5 گھنٹے قبل
Here’s how Iran could become a “forever war”
- 3 گھنٹے قبل
Norway crown princess says ‘manipulated’ by Epstein
- 16 گھنٹے قبل
Pakistan acted in self-defence amid rising TTP threat: Sarah Ahmad
- 16 گھنٹے قبل
