KARACHI: The dollar continued its upward march versus the rupee and cross the level of Rs.86 in open market on Monday.
The president of Exchange Companies Association of Pakistan Haji Haroon told Geo News that smuggling of dollar to Afghanistan is the cause of rise in demand of dollar and it is traded at Rs.86 for buying and Rs.86.20 for selling.
According to forex market dealers, the up in dollar rate against rupee forced people to minimize sell of dollar. Therefore, the supply has also been declined which is the reason of higher rate. The dollar gained 0. 6 paisa against rupee and closed at Rs.84.61, they added.
