US dollar rises against Pakistani Rupee in interbank market

US dollar rises against Pakistani Rupee in interbank market

ISLAMABAD - The value of the greenback increased by Re0.75 in the interbank market and the dollar was traded at Rs148.90 ahead of Eidul Fitr holidays, a private media outlet reported link on Monday.

The value of the dollar in the open market climbed by Re0.30 to Rs148.80

According to currency dealers, the demand for the greenback increased in the interbank market due to upcoming Eidul Fitr holidays. Subsequently, the value of the local currency dropped in the open market, said a currency dealer.

Some dealers said that the difference of Rs2 to Rs3 between the value of the dollar in the open and the interbank markets was eliminated which was a positive sign for the rupee.