Dollar, euro, pound gain more value against Pakistan rupee

By: News Desk      Published: 05:51 PM, 5 Aug, 2020
Dollar, euro, pound gain more value against Pakistan rupee

The US dollar on Wednesday climbed back to its historically high exchange rate in open market while its value also increased in inter-bank trading, reported 24NewsHD TV channel.

Same was the case with two other top world currencies – euro and pound sterling – which also made substantial gains against the rupee. 

In inter-bank trading, the dollar closed the session at Rs168.22 after gaining 76 paisas against the rupee, which is just eight paisas shy of the all-time record. It means the dollar exchange rate has increased by Rs1.24 in the first three business days of August.

Similarly, the euro was up by Rs1.46 and available for Rs198.65 while the pound ended the session at Rs219.85 with a gain of 42 paisas.

On the other hand, the open market saw the dollar exchange rate reaching the current record value of Rs168.80 again after it was up by 60 paisas. It means the dollar will set another milestone for the rupee on Thursday unless the trend is reversed.  

On the other, both euro and pound gained Rs1 each against the local currency and closed the session at Rs198.50 and Rs220 respectively. 

Earlier on July 30 (the last business day of July), the dollar was up by 20 paisas and available for Rs166.98. Similarly, the euro gained 24 paisas with an exchange rate of Rs196.27 while the pound was available for Rs216.89 after gaining 70 points.

In open market, the dollar was traded for Rs167 after a gain of 35 paisas. The pound’s exchange rate, meanwhile, stood at Rs217 as it gained Rs1 against the local currency.

However, the euro remained stable and was available at the previous day’s level of Rs195.