ISLAMABAD – The US dollar fell by 30 paisa in the open market trade onThursday.
In the last two days the dollar fell by 50 paisa and traded below Rs139 forthe first time in seven weeks. The dollar’s downward slide comes after thecentral bank received dollars from friendly countries that helped itsforeign exchange reserves jump to a five-month high.
The greenback was trading at Rs138.5 at noon on Thursday. It had remainedstable at or above Rs139 since December 5 when it was worth Rs138.6.
The dollar had kept buyers and sellers on their toes last year because ofvolatility in its prices and hit its all-time closing high of Rs140.3 inNovember.
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Last year, the dollar appreciated 27% against the rupee, witnessing two ofits biggest ever single day jumps in the short span of one-and-a-halfmonths.
