US Dollar falls by Rs3.5 in Interbank market

KARACHI: Following an intense upward flight, the US dollar finally took a dunk and fell by Rs3.5 in the Interbank market on Friday.

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US Dollar fell to Rs161 from Rs164.05 as recorded a day earlier during trading hours.

The upward flight of dollar came after the rupee continued to devalue against it following an agreement with the International Monetary Fund (IMF) on a $6 billion loan with expected strict conditions including a “market-determined” exchange rate.

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