Home Business The value of the dollar continues to fall, the rupee is more...

The value of the dollar continues to fall, the rupee is more stable Janat News

Janat News

KARACHI – The decline in the price of the US dollar has continued for the last 7 days and the price of the rupee has increased by one rupee and 16 paise in the interbank market.

In this regard, sources say that on Monday, the dollar depreciated by 95 paise to 227 rupees 50 paise in the interbank currency market. Dollar has become cheaper by 13 rupees in interbank in 7 days.

On the other hand, according to the State Bank of Pakistan (SBP), the rupee closed at Rs 227 29 paise against the dollar in the interbank market, down 0.51 percent from Friday’s closing level of Rs 228 45 paise. indicates an increase.

Exchange Companies Association of Pakistan (ECEP) General Secretary Zafar Pracha said that it is a welcome thing that the value of the Pakistani rupee is increasing gradually.

He said that the government needs to see how to maintain the trend of rising rupee and prevent anti-national elements from taking advantage.

Depreciation of the US dollar has reduced Pakistan’s external debt burden by Rs 1,000 billion. Currency dealers say the reduction in the current account deficit by $500 million has provided considerable support to the rupee.

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