Summary Dollar touched its peak level of Rs128.48 in interbank market.
KARACHI (Dunya News) - Dollar rate in interbank market Wednesday declined by 26 paisas to close at Rs123.92 after registering a peak of Rs128.48.
Earlier on Tuesday, the Pakistani rupee, after four years of pause, reversed on expectation that the country would receive ample support from China and some global financial institutions helped domestic currency to improve by 2.6 percent.
The interbank saw grand opening and rupee strengthened sharply against dollar with recovery of nearly Rs 5.36 on Tuesday.
It is pertinent here to mention that, on July 27, the dollar value started to decline right after General Election 2018, and was recorded as Rs 127.86 in interbank market after a record high of Rs 130.
