Lahore, 30th March: The Pakistani Rupee strengthens against the US Dollar at historic levels.
According to the report of Baaghi TV, the rate of the America Dollar has gone down at a record level.
As per reports, the dollar continues to depreciate while the rupee continues to appreciate against it. The dollar closed at a 22-month low on the interbank market on Tuesday.
The weakening dollar has so far reduced the external debt burden by Rs 1,700 billion.
Reports say that after another 95 paise decline in the interbank market today, the dollar closed at a 22-month low of Rs 152.9 paise.
It is to be noted that in April 2019, the dollar made a big leap and reached Rs 141.50. In June, the dollar broke all records and reached an all-time high of Rs 164.
In July 2019, the dollar stopped rising high and after the reduction, it became Rs 160 in the interbank market and Rs 161 in the open market.
However, at the end of October 2019, the rupee appreciated further and the dollar depreciated to Rs 155.70. At the end of November 2019, the buying price of the dollar was 155.25 and the selling price was 155.65
