Categories: Latest News

Dollar hits a new historic high of Rs221 in interbank

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.

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.

 

Saman Siddiqui

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