Dollar jumps up to Rs167.63 in interbank forex market

Dollar jumps up to Rs167.63 in interbank forex market

KARACHI: The US dollar jumped up to Rs167.63 against the Pak Rupee (PKR) on Tuesday in the interbank foreign exchange market.

The dollar is near to the current all-time high of Rs168.44, which was recorded on August 26, 2020.

The Pak Rupee (PKR) ended Rs167.63 to the dollar from the previous day’s closing of Rs167.23 in the interbank foreign exchange market.

The local currency is over one year low against the dollar. The rupee lost around Rs10.09 against the dollar since the start of the current fiscal year from July 01, 2021.

Currency experts said that import payment demand kept the dollar value high. They said that ease in coronavirus restrictions had restored the economic activities, which created a demand for imported raw material and finished products.

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