US Dollar hits all time high at Rs190 in interbank trade
Business
US Dollar hits all time high at Rs190 in interbank trade
KARACHI (Dunya News) – Amid ongoing uncertainty in the country, Pakistani Rupee continued to slump against US Dollar in the interbank market.
The dollar closed at 190.02 when compared to the previous day’s close of 188.66 and the local currency depreciated Rs1.36 on the back of weak macros including higher import bill along with delay in the IMF tranche.
US Dollar since the arrival of new government up by Rs 7.07 and on April 11 was at Rs 182.93 .
In addition, the start of fiscal year up by Rs 32.48 Increase in dollar added pressure on debts by Rs 4200 billion.
Meanwhile, Pakistan Stock Exchange (PSX) also witnessed a bearish trend as KSE-100 index full by over 600 points in intraday trade and fell below 43,000 mark.
