KARACHI: Political tensions and poor economic conditions put pressure on the rupee, as a result of which the dollar continued to soar on Tuesday and for the first time in the history of the country, the interbank rate of the dollar was Rs 175 while the open market rate was Rs 176. Transgressed
According to Express News, in the interbank market, the dollar rose by 84 paise to close at Rs 175.27, while in the open currency market, the dollar rose by 90 paise to close at Rs 176.40.
Experts say that the SBP's policy of not opposing foreign exchange markets and leaving the value of the dollar to market forces is to discourage imports on the one hand and the IMF's message to keep the rupee free on the other. To give
Experts say that the price of Brent rose to 86 86 a barrel in the world market and the US oil price reached سات 85 a barrel, reaching a seven-year high. The rupee continues to depreciate against the dollar.
