Write For Us

#dollarpricetoday Good News For Dollar Holders | Dunya News

Sponsored Post Vitamin D2 Canada Persia
35 Views

  • Thanks! Share it with your friends!

    You disliked this video. Thanks for the feedback!

ava
Published
#dollars #dollarpricetoday #dollartopkr

The US dollar spiralled out of control as the Pakistani rupee depreciated Rs17.89 against the greenback during intra-day trade on Thursday amid political and economic uncertainty.

The greenback was being traded at Rs284 in the interbank market as the trading session is still on. The historic plunge in the value of the local currency followed the monetary policy review and delay in the International Monetary Fund (IMF)'s deal.

The dollar also rose Rs 9 in the open market.

According to Arif Habib Limited, the appreciation in the interbank market continues after the government curbed imports to manage the depleting foreign exchange reserves amid a high risk of default.

The development comes as the market expects further monetary tightening to control inflation at the State Bank of Pakistan's emergency Monetary Policy Committee (MPC) meeting is scheduled for later on in the day. The local currency had fallen against the greenback on Wednesday, settling at 266.11 after a depreciation of 1.73 per cent or Rs4.61 in the inter-bank market.

........................

Welcome to the official channel of Dunya News. Pakistan’s Top News Network delivering the latest from around the globe.

Home to some of the most popular Talk Shows and Journalists such as Hasb e Haal, Mazaaq Raat, Dunya Kamran Khan Kay Sath, On The Front With Kamran Shahid, Think Tank, Ikhtalafi Note and, more.


Dunya News Live Stream
https://dunyanews.tv/live

Follow Our Facebook Page: https://www.facebook.com/dunyanews
Follow our Twitter Page: https://twitter.com/dunyanews
Category
Asia
Tags
Dunya News, Dunya Tv, Dunya
Sign in or sign up to post comments.
Be the first to comment