News

US dollar thrashes Pakistani rupee heavily after Eid holidays

May 6, 2022 11:50 AM


The US dollar resumed its muscle flexing against Pakistani rupee as soon as the business opened in the intrabank trading after Eid holidays on Friday, reported 24NewsHD TV channel.

The greenback’s start was a little shaky as it lost nine paisas in early trading but within hours the US dollar hit back at the Pakistani rupee and gained massive 94 paisas, topping the psychological barrier of Rs186 and shooting up to Rs186.63.

It seemed the American currency was in a buoyant mood after the long Eid holidays.

https://twitter.com/StateBank_Pak/status/1522531320588607488

The dollar closed at Rs185.69 on the last business day on April 30.

Reporter Ashraf Khan



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