Rupee sustains rise as dollar falls below Rs100
KARACHI: In what is being termed as an unprecedented development for Pakistan currency, the US dollar further depreciated by Rs 1.40 on Tuesday, thus valuing at Rs 99.80 in the open market, ARY News reported on Tuesday.
The US dollar depreciated by Rs1.40 in the interbank today, maintaining rise of the rupee.
The dollar was depreciated by Rs1.66 on first day of the current week and it was traded at Rs 101.46 in interbank and Rs 101.66 in open market on Monday. The US currency, which was traded at Rs 112 last year, has started downward journey from last few days apparently due to handsome inflow of dollars in the country. Before this massive devaluation of dollar, the exchange rate remained stable at Rs105-06 for a period of about two months.
In view of the current exercise, the US dollar further depreciated.