ISLAMABAD – The US dollar was trading at around Rs139.5 in the open marketon Monday morning, up by 20 paisa compared to its closing rate of last week.
The dollar has been hovering between Rs139 and Rs140 for a month now, butit had kept buyers and sellers on their toes last year because ofvolatility in its prices, especially when it hit its all-time closing highof Rs140.3 in November.
Last year, the dollar’s rate appreciated 27% against the rupee, witnessingtwo of its biggest ever single day jumps in the short span ofone-and-a-half months.
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The dollar rose against all major currencies pegged against it, but onMonday it fell slightly, by 20 paisa, after investors put to rest theexpectations of further rise in the interest rate of the American centralbank, which could make the dollar stronger.
