Dollar’s Decline Extends in Interbank
Dollar’s Decline Extends in Interbank-KARACHI: Dollar continues to depreciate further in Interbank.
During interbank trade yesterday, the US dollar depreciated by Rs 2.4 paise against the Pakistani rupee and the dollar closed at Rs 304.94 at the close of trade.
The dollar depreciated by 96 paise to Rs 303 in interbank trading on Friday.On the other hand, the value of the dollar is continuously decreasing in the open market and the dollar has reached 304 rupees.
Also Read: Bostan Malik Reflects on Dollar Transactions
It should be noted that the government has started a crackdown to prevent dollar smuggling and currency exchange, since which the value of the US dollar has fallen sharply.