The dollar closed at the level of 233.90 rupees after a decrease of 3.11 rupees in the interbank market (Photo: File).
Karachi: The positive results of the Prime Minister’s visit to America and the news of the appointment of Ishaq Dar as the Finance Minister put a brake on the dollar’s flight.
The dollar continues to depreciate. Interbank rates of the dollar fell below Rs 234. In the interbank market, the dollar lost Rs 3.11 to close at Rs 233.90. Similarly, in the open currency market, the value of the dollar closed at the level of 234 rupees after a decrease of 3.50 rupees.
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Market sources say that Ishaq Dar is considered an expert in keeping the value of the rupee stable, due to which the demand of dollar seekers in the market has also stopped, while strict monitoring of banks and crackdown on illegal money changers have also helped the rupee. leading to stability.
Experts say that the expectation of receiving two billion dollars in funds from the World Bank and the government’s efforts to postpone the payment of foreign loans in the context of the flood disasters have also created the possibility of a continuous flight of the dollar.