News
US dollar touches Rs147
Pakistani rupee continued to decline against US dollar in inter-bank as it traded at Rs 147 on Thursday.
By Web Desk
May 16, 2019
Karachi: Pakistani rupee continued to decline against US dollar in interbank as it traded at Rs 147 on Thursday.
The rupee saw a four percent decline of Rs5.61 during today's trade. The greenback's buying rate was Rs145.
On Wednesday, the US dollar bounced back to Rs144 after reaching an all-time high of Rs146.25 during the day in the open market.
The dollar reached the all-time high after an increase of Rs2.25, following the agreement with the International Monetary Fund (IMF) securing a $6 billion bailout on Sunday.
Open market rate
According to Exchange Companies Association of Pakistan (ECAP), the dollar was also being traded at Rs147 in the open market.
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