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Dollar hits a new historic high of Rs221 in interbank

Dollar rateDollar rate in interbank Today | OyeYeah News
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The dollar hits a new historic high of Rs221 in the interbank on Tuesday.

After the previous day’s close of Rs215.20, the US dollar gained Rs5.8 to reach an all-time high of Rs221 around 12:00pm.

Its the highest day-on-day depreciation recorded after March 26, 2020.

usd to pkr

The dollar has gained a whopping Rs4.5 in the interbank a day earlier amid political uncertainty in the country.

 

The ruling PML-N’s defeat in the Punjab by-elections has triggered political uncertainty along with import pressure taking the Pakistani rupee to new lows.

Since the arrival of this govt, the PKR has lost almost 21% to USD, while Inflation hit 21% in June.

While looking at the market situation and uncertainty, many around the world are now regarding investing in Cryptocurrencies including Bitcoin, safe.

In this regard, Blockchain Technology Courses are playing a great role in understanding and making this investment profitable.

 

the authorSaman Siddiqui
Saman Siddiqui, A freelance journalist with a Master’s Degree in Mass Communication and MS in Peace and Conflict Studies. Associated with the media industry since 2006. Experience in various capacities including Program Host, Researcher, News Producer, Documentary Making, Voice Over, Content Writing Copy Editing, and Blogging, and currently associated with OyeYeah since 2018, working as an Editor.