Dollar eases to Rs170.53 in interbank

Dollar eases to Rs170.53 in interbank

KARACHI: The dollar eased by 34 paisas to Rs170.53 in the interbank foreign exchange market on Friday.

The Pak Rupee (PKR) ended at Rs170.53 to the dollar from previous day’s closing of Rs150.87 in the interbank foreign exchange market.

Currency experts said that the measures taken by the central bank had helped in reducing the dollar demand for import payments.

The SBP has introduced various measures to discourage dollar demand for import payments and stop outflow of the foreign currency.

The dollar hit all-time high of Rs170.96 on October 6, 2021. The local currency witnessed a continuous decline since start of the current fiscal year. The local unit fell by Rs13 against the dollar so far as compared with the closing of Rs157.54 on June 30, 2021.

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