Dollar Falls By Rs3 In Interbank Market

(@mahnoorsheikh03)

Dollar falls by Rs3 in interbank market

In the open market, rupee has strengthened to Rs 122 against the US dollar after a decline of Rs 5.

Lahore (Pakistan Point News – 30th July, 2018) The price of Dollar has further declined by Rs 3 in the interbank market.

According to media reports, dollar has declined to Rs 125 in the interbank market. Bank sources said that the dollar has declined in the Interbank Market by Rs 3.86. In the open market, rupee has strengthened to Rs 122 against the US dollar after a decline of Rs 5.

The decline in the value of dollar in the interbank market is being witnessed after four years and it is likely to reduce the debt by Rs 450 billion.

Recently, dollar had reached an all-time high of Rs 128 in the country, but now it has seen a decline. On the other hand, positive trend was seen at the start of the business in the pakistan stock exchange as the index recorded 43,000 points.

Mahnoor Sheikh

The writer is News Editor, Pakistan Point. She has graduated in Mass Communication and has worked in various media houses