Rupee Further Appreciates Against US Dollar In Inter-bank Market

(@mahnoorsheikh03)

Rupee further appreciates against US dollar in inter-bank market

The Pakistani rupee has accelerated to Rs 137.10 after a decrease of 74 paisa

Islamabad (Pakistan Point News – 4th December, 2018) The US Dollar has depreciated by 74 paisa in the inter-bank market on Tuesday.

The Pakistani rupee has accelerated to Rs 137.10 after a decrease of 74 paisa, according to reports.

Dollar was earlier being traded at Rs 137.84 in the inter-bank market.

As the dollar reached a record high of Rs 142 on Friday, other currencies have also sky rocketed against the Pakistani rupee.

The inflation was doubled by the end of November while dollar was appreciated by Rs 5.06 in a single week.

The Saudi Riyal was being traded at Rs 37.06 at the end of the week, Euro Rs 158.17 and British Pound at Rs 177.85.

The business week ended with dollar at a record high of Rs 139.

Mahnoor Sheikh

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