The dollar is trading at 163.50 paise in Interbank
Karachi … News Time
According to currency dealers, the dollar is trading at 163.50 paise in Interbank. The dollar had increased by three rupees on the previous day. The value of the dollar continued to rise at the beginning of last year, reaching 138.93 paise in January, 138.90 paise in February and 139.10 paise in March. In April 2019, the dollar made a huge jump and came in at 140.50 paise. In May, it saw a huge rise in its price and reached Rs 151. In June, the dollar broke all records and reached the highest level of Rs 164 in history. In July 2019, the dollar stopped flying and after the fall of the dollar, it fell to Rs 160 in interbank and Rs 161 in the open market. In August 2019, the rupee contested against the dollar and the dollar reached Rs 157.20. At the end of September 2019, the dollar further depreciated and reached Rs 156.40. At the end of October 2019, the value of the rupee improved further and the dollar was valued at Rs 155.70. At the end of November 2019, the dollar was bought at 155.25 and the sale price at 155.65. For the past six months, the dollar has been seeing a steady decline and the rupee have dropped by 9 rupees.
