US dollar bounces back to thrash Pakistani rupee
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The US dollar finally bounced back and showed resistance days after thrashing by the Pakistani rupee and gained 0.99 paisas to reach Rs182.54 at the closing time of the interbank trading on the first business day of the week, reported 24NewsHD TV channel.
The previous close of the US dollar was Rs182.54 as the last week economists hailed and observed the political stability lowered down the dollar value against the Pakistani currency.
The US dollar started with a bullish trend after 35 paisas increase, the dollar increase by 95 paisas amid the trading and continued the upward trend till the closing time of the interbank trading at Rs182.54.
Since the new government came into being, the US dollar lost almost eight rupees as at one point the American currency was inching towards the Rs190 against the Pakistani rupee.
As per forex traders, the US dollar gained 35 paisas contrary to the last Friday interbank trading when the US dollar lost only three paisas against Pakistani rupee.
Reporter Habib Khan