Dollar climbs up 10 paisas against Pakistani rupee

The US dollar has reached Rs154.50 after a jump of 10 paisas against the Pakistani rupee at the opening time of inter-bank trading on Tuesday, reported 24NewsHD TV channel. 

Economist Asad Rizvi said, “Inter-bank market initially was expecting a strong rupee opening, but I will wait to see if the tone is sustainable or not. Real Effective Exchange Rate (REER) has surpassed a crucial benchmark base of 100 & new is 103.2982, which does not support PKR. Prefer for more clues.”

INTER BANK MARKET

Initially I am expecting strong Rupee opening, but I will wait to see if the tone is sustainable or not.
COS Real Effective Exchange Rate (REER) has surpassed crucial benchmark base of 100 & new is 103.2982, which does not support PKR.

Prefer for more clues.

— Asad Rizvi (@asadcmka) June 1, 2021

At the start of the inter-bank trading, the US dollar lost 35 paisas at Rs154.05 but later reached 154.40 per Pakistani rupee, as per forex traders of Karachi.