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Dollar climbs to historic high of Rs203.50 in interbank market

Pakistan seeks IMF bailout package
Updated 13 Jun, 2022 03:10pm


KARACHI: Pakistani rupee value fell against the dollar by one rupee and fifteen paisas during the early morning trade on Monday, reaching an all-new record level of Rs203.50 in the interbank market, two days after the federal government presented the budget ahead of its meeting with International Monetary Fund.

This is an intra-day trade update. The two currency markets, which include open and interbank, are run on confidence, according to economic experts. In order to support traders and investors, rates of currencies are one to two rupees less in the interbank market.

More to follow

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