InterBank US Dollar rate continues to decline

As business day started US Dollar continues to decline against Pakistani Rupee on Monday, Inter Bank Dollar Rate dropped Rs.5 against PKR.

According to Sources, Inter bank Rate: Buy 120.50 and Sell 122.50 mid-day, today also Pakistan Stock Exchange seen 725+ KSE 100 Index change with current Index 42089.16 restoring confidence in market.

Currency Exchange President says, “change was expected after elections as market showed confidence in PTI’s mandate, However current situation is because of upcoming Eid-Ul-Adha, people want to strengthen the rupee against dollar, It might get stable somewhere around Rs.125/-. “