Pakistani currency under pressure from major currencies
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KARACHI – Dollar, Euro, Pound, Dirham and Saudi Riyal demand rocketed up due to which Rupee depreciated while other currencies became stronger.
According to Forex Dealers, Dollar’s price was appreciated by 20 paisas and went up to 106 rupees and 30 paisas. Euro’s price increased by 50 paisas to stand at 127 rupees 30 paisas, while Pound increased by 70 paisas to rocket up to 143 rupees 50 paisas.
Dirham and Saudi Riyal increased by 10 paisas to 28 rupees 95 paisas and 28 rupees 25 paisas respectively.
Currency dealers are of the view that as compared to the last week, dollar and other currencies have appreciated this week.