Greenback again surges by Rs 1.70 in open market to Rs 163.5
KARACHI: The US greenback increased again in both open and interbank markets, rising by Rs 1.70 and Rs 1.12 respectively on last trading day of this week.
The US dollar had swiftly risen from Rs 158 to Rs 167 after the first case of coronavirus was reported in Pakistan on February 26, before the rupee steadily recovered back to Rs 160.
After six Eid-ul-Fitr holidays, the US dollar has risen against the rupee during the first two trading days, with the US currency rising by Rs 1.70 against the rupee in the open market to Rs 163.50.
It may be recalled that the dollar had risen by Rs 0.80 to Rs 161.80 in the open market yesterday.
On the other hand, like the open market, the US dollar also appreciated in the interbank market. In the interbank market, the US currency rose by Rs 0.12 to Rs 163.10 per dollar.
The US dollar has risen by Rs2.18 against the rupee in the last two trading days on the interbank market.
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