Wednesday, 30 May 2012

Budget 2012-13 Dollar continues upward rally vs rupee in the interbank,

KARACHI: The dollar continued to make record highs against the rupee in the interbank, dealers said on Wednesday.

 

The two reasons behind the increase were - repayment of foreign loans and higher demand of the greenback by the importers and exporters for opening letter of credit.

 

Central Bank Governor, Yasin Anwar’s disclosure yesterday regarding the foreign exchange depletion by half added fuel to the fire and the dollar surpassed all past records reaching at Rs93.20

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