Unbridle dollar reaches Rs 198
The US dollar has been soaring against the Pakistani rupee for a couple of days, and the trend remained the same on Tuesday as it surpassed Rs198 in interbank trading.
It closed at Rs198.39, an increase of Rs2.65 from its closing of Rs195.74 yesterday.
In the open market, the greenback was being exchanged at Rs 200.
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Since the new government took the office in April, the dollar has appreciated by Rs14.
According to experts, economic and political uncertainty fuelled the rise in the dollar and negatively impacted the value of the rupee.
Photo: Representative Photo