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Rupee weakens against dollar amid Azadi, Inqlab marches

Rupee weakens against dollar amid Azadi, Inqlab marches

KARACHI: The call of civil disobedience and sit-ins against government has added to the confusion prevailing in open and intra bank markets.

The value of Pakistani rupees has decreased to Rs99.95 in open market against US dollar. Also intra bank rate of dollar touched Rs100.1 with an increase of 6 paisa.

Financial analysts said that because of political turmoil and calls of civil disobedience, export sector has started forward booking of dollar which increased pressure in open market trade. They are of the view that people were now trying to save their investments through converting it into dollars.