Dollar continues surging, up by 52 paisas
The US dollar gained 52 paisas against the rupee on Monday, ending the session at Rs168.18 in interbank rate, reported 24NewsHD TV channel.
But these gains were not limited to the interbank rate, as the dollar was up by 20 paisas in open market as well and traded for Rs168.20.
The latest surge in dollar price came on a day when the Pakistan Stock Exchange was attacked by terrorists in an attempt to target the financial hub of the country.
On the other hand, the euro gained Rs1.20 in interbank rate and 50 paisas in open market, closing the Monday’s session at Rs189.23 and Rs188.50 respectively.
But the pound sterling was down by 55 paisas in open market and available for Rs207.49. However, it gained 50 paisas in open market and thus closed the session at Rs208.50.
Last week, the dollar had gained Rs1.03 in inter-bank rate and Rs0.80 in open market against the local currency.
The latest series of gains being made by the dollar started on June 8 after it closed at Rs163.30 on June 5 in inter-bank rate, representing an overall gain of Rs4.36. Similarly, the dollar made an overall gain of Rs4.50 during the past two weeks.
Meanwhile, the euro gained Rs2.58 in inter-bank rate and Rs5.5 while the pound was up by Rs1.34 and by Rs3 respectively during the same period.