Dollar grows stronger with Rs2.56 surge in four days

By: News Desk      Published: 04:55 PM, 20 Nov, 2020
Dollar grows stronger with Rs2.56 surge in four days

The US dollar closed the week on a strong note after extending the latest streak of gains during four consecutive sessions in the currency market, reported 24NewsHD TV channel Friday.

In the interbank exchange rate, the dollar at one point was available for Rs161.02 with a 41-paisa surge. However, the gains were later reduced to 11 paisas with the world’s dominant currency being traded at Rs160.72.

Meanwhile, the rupee faced a similar situation against other top currencies – Euro and pound sterling. The pound proved to be the biggest gainer after ending the day at Rs213.21 with an Rs1.05 gain.

The euro, on the other hand, was up by 69 paisas and closed the interbank trading at Rs190.79.

As far as the open market is concerned, the dollar remained stable at the previous day’s level of Rs161 and the pound at Rs213. But the euro made gains here too by reaching the level of Rs191 with a gain of 50 paisas.     

These latest gains mean the dollar has gained Rs2.56 against the local currency in interbank trading during the last four days.

Earlier on Thursday, 24NewsHD had reported that the latest trend produced serious consequences for the country as the external debt increased by Rs245 billion in just three days.