Dollar rebounds in interbank foreign exchange market

Dollar rebounds in interbank foreign exchange market

KARACHI: The US dollar made a comeback against the Pak Rupee (PKR) on Monday and gained 34 paisas in the interbank foreign exchange market.

The trading in the interbank foreign exchange market ended at Rs165.96 to the dollar from last Friday’s closing at Rs165.62.

Currency experts said that the dollar demand remained high during the day as the market opened after two weekly holidays.

It is worth mentioning that the rupee recovered during the last two days of the last week. However, the dollar rebounded today owing to higher demand for import payments.

Leave a Reply

You have to agree to the comment policy.