The value of the dollar has decreased in the interbank exchange while the value of the rupee is increasing.
After the agreement between Pakistan and the IMF, the stock market rose sharply, with the Hundred index rising by 2246 points to close at 43,899, along with a fall in the price of the Dollar and the price of the Dollar by five The “Rupee Decreased” and the rate of the Dollar stood at 285 Rupees.
Also, when the @Business started on July 4, the Dollar rate fell down in the INTERBANK and the Dollar rate fell by Rs 7, after which the DOLLAR Became Rs 277.
While the business was going on, the DOLLAR depreciated further or the Dollar became Cheaper by Rs 10 to Rs 275.
Let us tell you that on May 11, the DOLLAR was worth 298.93 rupees in the (Interbank Market), while the Dollar went up to 312 Rupees in the –Open Market– on 30 May, but now the Dollar has become Cheaper or has become 280 Rupees in the OPEN MARKET.
Along with this, Malik Bustan, who is the leader of the Forex Exchange Association, said that after the agreement with the IMF, the Dollar Became Cheaper OR the hopes of those who were saying that the dollar will go up to 500 rupees were dashed. And hopefully go below $270.
Also, Bloomberg said that good days are coming for Pakistan and rupee may come to 240 as Pakistan is taking very good decisions now.