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Rupee weakens in inter-bank, open market

Rupee weakens in inter-bank, open market

The US dollar reaches Rs 102.2 in the inter-bank market on Tuesday as supporters of Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan and Pakistan Awami Tehreek (PAT) chief Dr Tahirul Qadri marched towards the Prime Minister’s House, intensifying the situation in Islamabad.

On Tuesday, the US dollar gained Re 1 while on Monday, on the first day of trading, rupee strengthened in inter-bank market by 30 paisa to reach 101.2 but weakened by 50 paisa to reach 102.35 in open market.

Sources told Customs Today that core commanders meeting and ISPR release to normalise the situation could help lessen the confusion in the market.