ISLAMABAD: The US dollar crossed Rs 210 in the inter-bank on Monday while in the open market, the dollar-rupee exchange depends totally on the choice of the exchange companies.
The currency dealers can charge as much as they want in the absence of a check and balance system.
On Monday, the dollar-rupee exchange rate was fluctuating around Rs210.20 in the inter-bank and Rs 213 to 215 in the open market.
Delay in agreement between the government and the IMF for the resumption of suspended loan and government’s inability to line-up foreign assistance from China, Saudi Arab, UAE and other countries has caused a serious blow to the value of rupee.
Since the formation of PML(N) led coalition government, dollar has gained more than 25 rupees in the inter-bank, surging from 185 to 210.20 today.
