DY: Interbank Market: US Dollar drops to 3-month low
KARACHI (Dunya News) – A significant decrease in US Dollar rate was observed on in interbank market as the currency fell to 3-month low figure, reported Dunya News.
Owing to the continuous trade of US Dollar among banks, the dollar price fell by Rs 0.26 while reaching Rs 104.60 in interbank market.
Meanwhile, the dealers have confirmed that the dollar has fallen to 3-month low in interbank market.
The main reasons cited by dealers are receipts by the exporters from foreign countries.
USD has fallen down to Rs 0.29 in interbank market since start of year 2016.
