Dollar scores double century in interbank market

Dollar Rupee

KARACHI: On Thursday, the US dollar completed the double century in the interbank market during late morning trade. According to the Forex Association of Pakistan (FAP), the rupee shed Rs1 in the value, and as a result, the dollar touched Rs200 against the previous day’s value of Rs199.

The greenback’s value took a flight on last Tuesday and has now landed at the Rs200 mark after growing exponentially from Rs188.

Yesterday, the dollar crossed the Rs200 point in the open market. Zafar Paracha, Secretary-General FAP, has termed the event a ‘black day’ in the country’s history.

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