Rate of US dollar at interbank lowest in 14 months

By: AFP      Published: 03:18 PM, 29 Mar, 2021
Rate of US dollar at interbank lowest in 14 months

The price of a US dollar in interbank dipped by 55 paisa on Monday to reach Rs154.04; the lowest in the last 14 months, reported 24NewsHD TV channel. 

Khurram Shahzad, an economist, said that the rate of a dollar, which was Rs168.43 at interbank in August 2020, had come down by 8. 53 per cent since then. “Dollar’s price has dropped by Rs14. 39 since August 26, 2020,” he added.  

Other economic experts say that with the rate of dollar coming down, prices of imported items would also drop. 

Similarly, they added, strengthening of Pak Rupee and weakening of US dollar would help the country repay its foreign loans easily. 

Reported by Ashraf Khan