Dollar Drops below Rs 160

Rupee in Karachi

On Tuesday, PKR showed mixed conduct at the market close. In the interbank market, it went up against the USD when dropping in the free market. In the open market, it also dropped against the Euro, though gaining value against the AED and SR.

Interbank Market Rates

 In the interbank market, Pakistan Rupee acquired 15 paisas for both buying and selling against USD over yesterday’s closing rates at 159.85 and 159.95, respectively, at market close.

Open Market Prices

 In the open market, PKR lost 25 paisas for purchase while remaining unchanged for sale, closing at 159.75 and 160 respectively over yesterday’s rates.

Open Bid Rs 159.75

Open Offer Rs 160.00

Interbank Closing Rates for Dollar on Tuesday

Bid Rate Rs 159.85

Offer Rate Rs 159.95

Rupee in Lahore

On Tuesday, the Pak rupee remained unchanged on the buying side, while its value on the selling side appreciated in comparison to the greenback on the open currency market.

As per the currency dealers, during the entire trading session, the greenback did not experience any change to buy and closed at Rs 159.50, while it lost 20 paisas to sell and ended at Rs 160.70 against the opening rate of Rs 160.90.

The rupee, on the other hand, struggled to maintain earlier recoveries against the pound sterling in its day. As a consequence, the buying and selling rates of the pound increased from the closing pattern of Rs 204.50 and Rs 205.70 on Monday to Rs 205.20 and Rs 207.00, they added.

Rupee in Islamabad & Rawalpindi

On Tuesday, the dollar won 10 paisas against the rupee at the Islamabad and Rawalpindi open currency markets here.

Compared with the last rate of Rs160.40 (buying) and Rs161.50 (selling), the dollar opened at Rs160.50 (buying) and Rs161.60 (selling). It closed down at Rs 160.50 (purchase) and Rs161.60 (sale).

At the central Sarafa (gold) markets of the twin cities of Islamabad and Rawalpindi, the purchasing and selling rates of one tola of gold were Rs. 115,100(selling) and Rs115,000 (buying).

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