Karachi:
The dollar continued to advance after volatility in the interbank market on Thursday, despite expectations of a closing external fiscal gap and an improvement in credit ratings.
Due to factors such as positive economic indicators and the influx of foreign investment, the value of the dollar fell by 19 paise to 277 rupees 97 paise during the business period in the interbank market. 278 closed at the level of Rs.23 paise with an increase of 07 paise.
On the contrary, in the open currency market, the value of the dollar decreased by 1 paisa to close at the level of 279 rupees 10 paisa.
It is worth noting here that factors such as the strengthening of the dollar against other major world currencies at the international level and the assurance of a significant reduction in the interest rate in the new monetary policy have led to an increase in the demand for the dollar and an increase in its value in the interbank market. continued to influence the market, maintaining the dollar’s advance.
