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Dollar weak in open market, strong at inter-bank

Dollar weak in open market, strong at inter-bank

KARACHI: The US dollar strengthened 10 paisas in inter-bank market to reach 101.8 and weakened in open market by 15 paisas to reach 102.1 against Pakistani rupee on Tuesday.

On Monday, however, dollar was sold at Rs 101.7 in interbank market and 102.25 in open market. Pakistani rupee weakened in open market as it shed 20 paisas against dollar on first day of trading.

Financial Analysts were of the view that investors and traders were comforted as they sensed a thaw in the political crisis since both the negotiating teams – Govt vs Imran Khan’s led PTI and Tahirul Qadri’s PAT — claim progress in talks.