US dollar crosses Rs161 after nearly six months

US dollar crosses Rs161 after nearly six months


Karachi: The exchange rate of US Dollar strengthened by Rs1.54 in the interbank on Monday against Pakistani rupee.

The US dollar closed at 161.48 rupees on the first working day of the week, compared with the previous closing price of 159.94 rupees.

Since the beginning of July, the U.S. dollar has risen by 3.61 rupees. However, the U.S. dollar has fallen by 6.95 rupees or 4.21% of its value from its peak of 168.43 in August 2020.

At the same time, according to reports from the National Bank of Pakistan, the price of the euro rose by 1.46 rupees to close at 190.28 rupees, while the transaction price on the last working day was 188.82 rupees.

The yen closed at 1.47 rupees, while the pound’s exchange rate rose by 10 paisa, trading at 221.60 rupees, compared with the last closing price of 221.50 rupees.

The exchange rates of the UAE Dirham and the Saudi Riyal rose by about 42 paisa, respectively, to close at 43.96 rupees and 43.05 rupees.

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