Due to the good news from the economic field, the dollar has become cheaper by 3 rupees 65 paise to 236 rupees in the interbank. The dollar fell by six and a half rupees in the open currency market to 238 rupees.
The rupee’s value has also been supported by the $50 crore reduction in the current account deficit. On Friday, the dollar closed at 239 rupees 65 paise at the Interbank. The dollar price in the open currency market also rose to 244 rupees.
Currency dealers said the rupee was supported by expectations of Pakistan’s debt deferment and easing of IMF conditions. He said that the significant reduction in Pakistan’s current account deficit also positively impacted the rupee.
Earlier, currency dealers said demand for dollars for import requirements increased after the floods. The IMF’s essential to keep the exchange rate free-floating had also made the situation difficult.
