US Dollar goes down against Pak rupee in market

KARACHI: The dollar is showing diminishing trend continuously in comparison to Pakistani rupee since past few days; on Saturday US dollar traded at the rate of as low as Rs 123.5 in the open market.

It is pertinent to mention here that the currency market on Saturday opened with US dollar being traded at Rs. 127.5, which later in the day went down to be traded at Rs. 123.5.

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The currency market is now witnessing the trend in which the US dollar is losing its worth against Pakistani rupee, and there is abundant trading of US dollar in the open market.

It is observed that the results of General Elections have an stabilizing impact on the rupee, which is some experts see as the main reason behind the stability of Pakistani currency against US dollar.