Dollar drops by Rs 1.25 in two days

Dollar drops by Rs 1.25 in two days
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Summary In the open market, Rupee strengthened by Rs 0.20 while Dollar was sold at Rs 106.10

KARACHI (Dunya News) – United States (US) Dollar in two days has fallen by Rs 1.25 as Rupee gains extend, Dunya News reported Tuesday.

Dealers have said that steps taken by Finance Ministry and monitoring done by the State Bank of Pakistan (SBP) have lessened Dollar’s value by another Rs 0.75.

In the open market, Rupee strengthened by Rs 0.20 while Dollar was sold at Rs 106.10.

Experts have said that decreased Dollar value is not only lessening imported goods’ cost but also cutting burden of foreign loans.