Dollar rose to 122Rs at one time, closed at 121.39 in interbank market today

KARACHI: On Thursday, the rate of dollar saw a sharp increase to Rs 122 at one point, however closed on Rs121.39 in interbank foreign exchange stated the State Bank of Pakistan.



On June 11, the US dollar closed at Rs119.84, after reaching a record high of Rs121 earlier in the day, the State Bank of Pakistan said.

According to the central bank, the movement is based on foreign exchange demand-supply gap in the interbank market, t

Increasing imports and a widening current account deficit were cited as the possible reasons for the hike in the value of the foreign currency.


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