US dollar inches up by 38 paisa, reaches Rs157.30 in interbank trade
KARACHI (92 News) – The US dollar continues to rise in the interbank market, inching up by 38 paisa to reach Rs157.30 during the first trading day on Monday.
The dollar had slightly risen by 19 paisa to touch Rs156.75 in the interbank market of the country on last trading day on Friday last.
In initial trading hours, the dollar slightly moved upward by 44 paisa in inter bank market on Friday.
While the US dollar slipped by Rs1.11 to touch the mark of Rs156.50 in the interbank on Thursday last, strengthening Pakistani rupee that had witnessed continuous devaluation two weeks ago.
The dollar had closed at Rs157.61 in the interbank market on Wednesday last week last as rupee regained its value by 72 paisa.
Pakistani currency has been most of the time facing devaluation against the US currency in currency markets, pushing the inflation on upward trajectory.