Dollar reached to its highest level in the country's history.

 

Lahore (10-Aug-2020) On the first day of the business week, the value of the dollar reached the highest level in the history of the country. Likely to exceed According to details, the first day of the business week has proved to be heavy for the Pakistani rupee. On Monday, the dollar rose by 60 paise in the open currency market and by 51 paise in the interbank currency market.

As a result of this increase, the value of the dollar in the open currency market reached the highest level in the history of the country. In the open market, the dollar rose by 60 paise to Rs 169. In the interbank market, the dollar rose by 51 paise to Rs 168.38. Economists have sounded the alarm after the Pakistani rupee continued to depreciate in the domestic currency market.

Economists say the current demand for the dollar in the currency market could push up its value further. In the coming days, the dollar may cross the Rs 170 level. On the other hand, the Pakistan Stock Exchange, which has been consistently performing well, fell on Monday. During the first day of the trading week, the Pakistan Stock Exchange recorded a decline of 114.93 points after fluctuations, after which the psychological level of 40,000 fell once again. The 100 Index closed at the level of 39,914.76 points.