News

Dollar goes up by 80 paisas against rupee

June 1, 2020 02:03 PM


The US dollar continued surging against the rupee as it had so far gained 70 paisas against the local currency in inter-bank rate, reported 24NewsHD TV channel on Monday afternoon.

The session started with the US showing a strong upward movement from the very beginning as it was currently available for Rs163.90.

Earlier on Friday [the last working day of the week], the dollar, pound and euro had a field day as they made huge gains against the rupee.

According to the State Bank, the dollar closed at Rs163.10 in inter-bank rate after making a net gain of Rs1.30 during the daily trading.

The day began with a volatile start in the currency market in the morning, as the dollar price at one point soared to Rs163.30.

It meant the dollar had gained Rs1.50 against the rupee during early trading after starting the session from the previous level of Rs161.80.

On the other hand, the pound sterling too grew stronger and ended the day at Rs200.74 after a gain of Rs2.28 in inter-bank rate.

But it was euro which won the race as the currency saw its value going up by Rs2.82 and closed the session at Rs180.97.

This strong performance of dollar against the rupee came after it had a poor day against pound and euro in world market. The euro was up at $1.1105 from $1.1077 and the pound up at $1.2322 from $1.2319.



Most Read

  1. Here are some unknown facts about Mahira Khan hubby Salim Karim Here are some unknown facts about Mahira Khan hubby Salim Karim
  2. Punjab declares high alert as Nipah Virus threat looms large Punjab declares high alert as Nipah Virus threat looms large
  3. Dutch scientist predicts massive quake to hit Balochistan in next 48 hours Dutch scientist predicts massive quake to hit Balochistan in next 48 hours
  4. Here's something significant about Mahira Khan’s destination wedding Here's something significant about Mahira Khan’s destination wedding
  5. Former gang leader charged with rapper Tupac Shakur's 1996 murder Former gang leader charged with rapper Tupac Shakur's 1996 murder
  6. Electricity bills nonpayment lands Master Tile owner in lock-up Electricity bills nonpayment lands Master Tile owner in lock-up

Opinion

  1. Gandhi for the world and Godse for India:Subterfuge or plainspokenness
    Gandhi for the world and Godse for India:Subterfuge or plainspokenness

    By Dr Ghulam Nabi Fai

  2. China National Day: Strengthening China-Pakistan Friendship and Coordinated Economic Cooperation
    China National Day: Strengthening China-Pakistan Friendship and Coordinated Economic Cooperation

    By Dr Asif Channer

  3. Gender equality: A pre-requisite for a balanced society
    Gender equality: A pre-requisite for a balanced society

    By Mehak Sabir

  4. Time to move on and build a better Pakistan
    Time to move on and build a better Pakistan

    By Murtaza Rafiq Bhutto

  5. Asif Zardari as next PM could potentially unite political parties for economic stability
    Asif Zardari as next PM could potentially unite political parties for economic stability

    By Rehan Khan Ghauri