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Dollar climbs up 10 paisas against Pakistani rupee

June 1, 2021 12:22 PM


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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.”

https://twitter.com/asadcmka/status/1399539884189179909 

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.



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