Dollar jumps to Rs197 in interbank market; trading at Rs200 in open market


KARACHI: The rupee continued to take a hit against the greenback as its value saw an increase of Rs1.25 and jumped to Rs197 in the interbank market. According to several journalists and news anchors, the dollar was trading at Rs200 in the open market.

Journalist Mubashir Zaidi shared a video on Twitter in which the Forex Association President could be seen claiming that Prime Minister Shehbaz Sharif did not know that dollar was increasing at interbank market too.

Dollar has been gaining momentum against the local currency due to the widening trade deficit and the government’s indecisiveness to take strong economic measures to curb the economical and political crises currently prevailing in the country.

Exit mobile version