US Dollar Continues to Increase Against Pak Rupee in Interbank

The United States (US) dollar increased 0.12 paisa against the Pakistani rupee in the interbank market.

As per to forex dealers, the greenback is currently trading at Rs. 166.75 against the domestic currency at the interbank foreign exchange market, the dollar had finished at Rs. 166.63 against the local unit on the other day

While stock markets are falling drastically, global economic fears surrounding the COVID-19 crisis have resulted in liquidity selling. Thereby, capital flight is a common sight as sovereign debt is liquidated.

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