The dollar rose to Rs 166.15
Karachi…. News Time
Foreign investors have begun to withdraw their money from Pakistan due to a 1.5% reduction in interest rates by the government of Pakistan. This led to a huge increase in the demand for the dollar and the dollar record rose to Rs 7.40 from Rs 166.15.
For the first time in the history of the gold market, gold has crossed the Rs 100,000 mark per tola. The price increased to Rs. 10,475 from an increase of Rs 4273 per tola. At the Interbank on Thursday, the value of the dollar increased by Rs 8.05 to Rs 167.25 and Rs 167.75. On the other hand, the open market price of the dollar increased by Rs 5.40 to Rs 162.90 and the sale price increased by Rs 7.40 to Rs 166.15.
When the market closed on Friday, March 20 last week, the value of the dollar was Rs 158.62. Thus the value of the rupee has declined by 9.13 against the dollar this week. According to experts, according to State Bank data, foreign investors have withdrawn $ 1.56 billion of short-term investments from government debt securities in the last three weeks, which has led to the pressure on the rupee.
On the other hand, gold has crossed the Rs 100,000 mark per ton for the first time in the country’s gold market due to the rise in the value of the dollar and the rise in gold prices in the global market. The price of gold has risen to Rs while the price of 10 grams of gold has increased by Rs 3667 to Rs 86,834, in the global market, the price of gold per dollar has risen by $ 15 to $ 1624 an ounce.
