Dollar surpasses Rs210, near all-time high

Dollar surpasses Rs210, near all-time high

KARACHI: The dollar jumped over one per cent against the rupee to cross the 210 mark in the interbank market on Wednesday as trading resumed after a gap of six days.

According to the State Bank of Pakistan (SBP), the local currency lost Rs2.19, or 1.04pc, against the greenback to close at Rs210.1.

The long Eid holidays depressed the local currency despite widespread media reports about a staff-level agreement with the Inter­national Monetary Fund (IMF).

After reaching a peak of Rs211.93 on June 22, the dollar started declining for a brief period and fell to a low of Rs204.56 on July 4.

 

Retrieved fom: https://www.dawn.com/news/1699512/dollar-surpasses-rs210-near-all-time-high 

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