US Dollar down by 17 paisa in interbank market

KARACHI: The rate of US dollar on Wednesday was observed as Rs132.50 after a plunge of 17 paisa in interbank market.

The US dollar is traded at the rate of Rs132.50 after the fall is observed . The buying price of US dollar is Rs131.50, however, the selling price is Rs133.50.

Furthermore, on 6th November, the gold price showed amplification of Rs 750 to Rs 60500 per tola. The gold cost as per 10 grams was boosted by Rs 631 to Rs 51853. In the meantime, the gold price monitored in the global market augmented by $4 to $1285 per ounce.

This much flow of the rate is the outcome of depreciation of Pakistani rupee and enlargement in the price of gold in the international market.

However, according to KSE-100 index bright increase is observed today, as there is boost of more than 611 points in intra-day trading.

Also, this gain in the index was observed after the declaration of the Minister for Finance Asad Umar stating that, “The country is no more in the position of facing balance of payment catastrophe and also we anticipate that Pakistan will shortly get relieve from this problem eternally.”

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