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US dollar strengthens in open market

US dollar strengthens in open market

KARACHI: Pakistani rupee weakened in open market and remained stable in inter-bank against US dollar on the last working day of the trading week in the local currency market.

According to currency market, US dollar gained 5 paisa in open market to reach 102.85 and remained stable with 102.6 in inter-bank. On Thursday, US dollar gained 10 paisa and reach 102.6 in inter-bank, while it lost 10 paisa to reach 102.8 in open market.

According to economic experts, US dollar could further gain value due to the current political deadlock in the country. Pakistan Tehreek-e-Insaaf Chairman Imran Khan’s G0-Nawaz-Go Day call on Friday might affect rupee value in local market, they added.