In the wake of the sudden surge in the valuation of the US dollar, governmental measures swiftly followed suit. This prompted speculators to reassess their strategies.
US Dollar Hits Record Low
Just a few days past, a dollar that was scarce in the public domain now circulates freely, obtainable from the speculative market. Yet, despite its newfound availability, there are no takers in sight.
Today, the US dollar experienced a decline in value relative to the Pakistani rupee in the interbank market. It depreciated by one rupee and seven paisa, ultimately concluding at 298 rupees and 82 paise by the end of the business day.
Also Read: Dollar Hits 20-Day Low in Interbank Markets
It is important to highlight that the US dollars’ worth was observed yesterday, and by the close of business, it ended at 299 rupees and 89 paise, marking an increase of 1 rupee and 27 paisa.