US dollar after an increase of 49 paisas reached Rs170.50 from Rs170.01 against Pakistani rupee in the inter-bank, reported 24NewsHD TV channel.
Forex experts said that the US dollar is being traded due to high demand in the market.
After a $4.2 billion aid package from Saudi Arabia for Pakistan, the Pakistani currency stabilized and thrashed the US dollar from Rs150 to Rs170 in the last week.
INTER BANK
— Asad Rizvi (@asadcmka) November 8, 2021
Though #PKR gained nearly 3%,the tumultuous week ended with PM relief package & with surprise decisions. In a hurry,Petroleum price was hiked 11 days b4 the schedule date, followed by hike in electricity, sugar, ghee & edible oil prices. Yet is waiting for direction.