The value of the United States dollar against the rupee rose Rs4.4 to Rs166 in t…


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The value of the United States dollar against the rupee rose Rs4.4 to Rs166 in t... 3

The value of the United States dollar against the rupee rose Rs4.4 to Rs166 in the interbank market on Thursday at 1:31pm.

A day earlier, the dollar touched Rs161.6 agai­nst the rupee from Rs159 on close of business, according to the ready rates provided by the State Bank of Pakistan.

Experts say the major reason behind the rupee's fall was the rate cut announced by the central bank. A high interest rate supports the rupee by encouraging hot money inflows into treasury bills.

#DawnToday

The value of the United States dollar against the rupee rose Rs4.4 to Rs166 in t... 6


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8 Comments

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  1. Aur karro IMF ke khanay peh devaluation,, if the rupee was kept at around 135 than our economy would not have suffered like it did in past 12 months due to excessive almost forced devlaution by IMF boy runnig our state bank..you dont allow ur currency to devalue excessively in a fiat currency based monetary system, if the issuer of a currency debases it in contracting economy than why should others value it .. damn this dumb govt run by dumbo Khan

  2. If higher Interest rate supports Rupee then Salute to Nawaz Sharif for keeping Dollar rate at 105 and Interest rate at 8-9%…

  3. Now where are those stupid anchors like Nadeem Malik who were criticizing state Bank on high interest rates…..

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