Dollar hits 160 in interbank trade

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MG News | July 16, 2021 at 11:01 AM GMT+05:00

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July 16, 2021 (MLN): The US Dollar continued its ascent against the Rupee hitting 160 for the first time since Feb 03, 2021.

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PKR depreciated by 70 paisa as the dollar was being quoted at 160/160.10 (10:50 PST) compared to yesterday’s closing value of 159.30, with trades reported at 160.05.

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According to Asad Rizvi, the CEO of CMKA, Big Banks were buying US Dollars.

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