Across the country, the value of the rupee began to decline rapidly against the US dollar. According to the data published on Twitter, the social media website of the State Bank of Pakistan, during the second business day of this week, the inter-bank exchange rate of Rs.
In comparison, the price of the US dollar has decreased by 3 rupees 78 paisa. According to the data, the price of the US dollar has increased from 279 rupees 26 paisa to 283 rupees 4 paisa in comparison to the rupee.
Central Bank According to Rs. 1.34% decline was seen in the value of rupee against the US dollar. On the other hand, an increase of 3 rupees in the value of the US dollar against the rupee was also seen in the open market and the value reached close to 288 rupees.
If we compare other currencies, Australian dollar is 192 rupees, Canadian dollar is 214 rupees, Japanese yen is 2 rupees.04 rupees, euro 318 rupees, Kuwaiti dinar 924 rupees, Qatari riyal 77 rupees, Saudi riyal 75 rupees, Malaysian ringgit 62 rupees, the price of Indian currency has become 3 rupees 45 paise.
The main reason for the rise in the value of the dollar is currently payments, the demand for the dollar is increasing after the issue of LCs, hence the historical increase in the value of the US dollar.