US dollar decreases against Pakistani Rupee in open market

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US dollar decreases against Pakistani Rupee in open market

KARACHI – The US Dollar on Thursday has registered slight decrease against Pakistani Rupee in the open market.

As per media report, Dollar has registered a decrease of 5 paisa in Inter-bank market after which it was trading at Rs138.85.

However, in open market, the value of dollar remained stable after which it was traded at Rs139.10.

In 2018, the value of Pakistani Rupee had depreciated by around 26 percent, as the greenback strengthened by Rs28.36, from Rs110.5 per USD on January 1, 2018 to Rs138.8.

The heaviest round of depreciation occurred in October when the greenback gained over PKR 9 at the interbank market, taking a leap from Rs124.3 USD to Rs133.6 per USD.

Economy