Appreciation of dollar against rupee continues

KARACHI: The trend of surge in dollar against the rupee is continuing with latest appreciation of the greenback in the interbank, ARY News reported.

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Dollar reached Rs 102 after increase of 30 paisa in the inter-bank today. Buying of dollar in the open market was recorded at Rs 102.50 while selling at Rs 102.55.

In the wake of political uncertainty in Islamabad, the dollar continued to appreciate against the rupee after it was under Rs 100.

Dollar was recorded at Rs 98 in July and it reached Rs 103 by the end of August. Sources told that remittances by Pakistanis living abroad have also declined due to political uncertainty, thus depreciating rupee against the dollar.

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Appreciation of dollar against rupee continues

by Azhar Khan