KARACHI: For the fifth consecutive day, the value of the dollar was recorded in the interbank market of Pakistan.
The possible release of multilateral and bilateral funds after the approval of the IMF loan program, increasing inflows, increased supply and the introduction of panda bonds in the global market pushed the dollar to 20 at one point during the interbank market. Due to shortage of money, 277 rupees had also fallen to the level of 96 paise.But as the supply increased due to the demand of the market forces, at the end of the business, the interbank rate of the dollar closed at the level of Rs. But remained stable.For the past 7 weeks, the increase in official foreign exchange reserves and the downward trend in global crude oil prices are also contributing tthe stability of the rupee.