Dollar starts Wednesday with an 81-paisa surge
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The US dollar got a big boost in the currency market on Wednesday morning after an 81 paisas gain in the interbank exchange rate, propelling its price to Rs160.90 within an hour after the opening of trade, reported 24NewsHD TV channel.
Last week, the dollar had reversed the trend witnessed during the last few months and was available for Rs160.72 in interbank trading on Friday, which meant that the world’s top currency gained Rs2.56 against the local currency in just four sessions.
Earlier on Thursday, 24NewsHD had reported that a weaker rupee was producing serious consequences for the country as the external debt increased by Rs245 billion in just three days.