Pakistan Interbank: Dollar ‘Scores’ Maiden Triple-century

Thu Aug 24 2023
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KARACHI: The Pakistani rupee remained under pressure against the American dollar, as it lost further value on Thursday morning.

At the start of trading today, the greenback gained a further 36 paisas and touched the historic Rs300 milestone in the interbank market also.

The US currency already crossed a triple century in the open market a few days ago. In just two weeks time, the dollar gained a magnanimous Rs13 in the interbank market.

A day earlier, the US currency had maintained its historic high rate in the Pakistan’s currency market. Wednesday’s trading session had opened with a further rise in the value of the US currency.

On Tuesday, the US dollar reached the highest level in terms of value against Pakistani rupee in the history of Pakistan’s open market. The American currency smashed all previous records and recorded an increase in value by Rs8 to trade at Rs312. In just one day, the currency reached its highest level in history.

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