KARACHI: The US Dollar further make gain of 12 paisas during early trade at interbank foreign exchange market on Thursday.
The dollar was traded at Rs166.40 in early day trading. The previous day’s closing was Rs166.28 to the dollar in interbank foreign exchange market.
The Pak Rupee (PKR) sharply fell by Rs1.08 to the dollar last day.
The rupee fell to a year low against the dollar. Previously, the rupee fell to Rs166.24 to the dollar on August 31, 2020.
Currency experts said that mounting demand for import payment had deteriorated the rupee value.
They said that ease in coronavirus restrictions and rise in international oil prices increased the demand for dollars for import payments.