LAHORE MIRROR — The dollar rate against the Pakistani rupee becomes a history today as Rs5 Jump in US Dollar in Pakistan’s Open Market pushed the dollar to Rs306 in ongoing trading session.
The Pakistani rupee registered losses against the US dollar for the fourth consecutive session, depreciating 0.26% in the inter-bank market on Monday.
At close, the currency settled at 286.56, a loss of Re0.74 as per the State Bank of Pakistan (SBP).
In the open-market, the US dollar hit a record level of 306 against the rupee. At close, the US dollar settled at Rs305, up by Rs4 as compared to Rs301 on Friday.
During the previous week, the Pakistani rupee depreciated marginally by 0.26% in the inter-bank market, settling at 285.82 against the US dollar on Friday, but its spread with the open market widened considerably as dealers attached a greater premium to the greenback.
