In a single day, the dollar broke all records and crossed Rs 255
n the interbank market, the US dollar has become expensive by 7 rupees 11 paise to 237 rupees. Photo file
The dollar has reached an all-time high against the Pakistani rupee after the end of the e-cap on the US dollar rate.
From the beginning of the business day, the price of the US dollar continued to rise and at the end of the interbank market, the US dollar closed at Rs 255 43 paisa after increasing by Rs 24 54 paise.
The dollar closed at Rs 230 89 paise in the interbank yesterday, the highest value of the dollar in the interbank till date was Rs 239.94 on July 28, 2022.
On the other hand, the dollar became 262 rupees in the open market, the dollar has become expensive by 19 rupees in the open market today.
As the cap on the dollar rate ends, the US currency is more expensive in the open market
According to market sources, the dollar sellers are asking for 240 to 252 rupees, the transaction is not taking place at the rate that the banks are giving, the dollar deals in the interbank ranged from 235 to 240 rupees, while the dollar is expensive by 12 rupees in the open market. Hoker is 255 rupees.
Dollar rate should not be tampered with unnecessarily: Economic analyst
Economic analyst Khurram Shehzad, speaking to Geo News, said that due to the freezing of the dollar rate in the interbank, the reference and gray market had increased a lot, the remittances were losing due to the reference market and quoted the rate in the open market. was going
He said that it will be difficult to stop gray market, people were going to handi and gray market instead of banking channel but now remittances will come through banking channel.
He said that the dollar rate should not be tampered with unnecessarily, I don't think the rupee should depreciate too much, if we do taxes properly, things will improve.
Economic analyst Khurram Shahzad suggested that real estate, tobacco and agriculture sector should be taxed.
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