Today, the exchange rate is Rs 260, those who are holding dollars should call for them and whoever has US currency should whitewash it, advises the caretaker commerce minister.
The prediction of the dollar value of the minister of commerce to fall to 260 rupees, said that 260 rupees is the exchange rate today, those who are withholding dollars should order them and whoever has American currency should make them white. According to the details, Federal Minister Gohar Ejaz predicted that the dollar will reach 260 and said that the exchange rate is 260 rupees today.
Strict monitoring is now being carried out so that the value of the dollar does not increase due to this and also to prevent smuggling. On the other hand, the value of the rupee began to improve due to the fall in the value of the dollar. On the fourth day of the business week, the value of the American currency decreased by one rupee 10 paisa in the interbank market, after which the dollar closed at 292 rupees 78 paisa in the interbank market.
While the open market also recorded a drop in the value of the dollar, the dollar was selling at Rs 295 with a decrease of one rupee in the open market. While the country's dollar reserves increased significantly, the government's foreign exchange reserves recorded a large increase during the week. A weekly increase of 10.8 million dollars was recorded in domestic foreign exchange reserves.
According to the weekly report of foreign exchange reserves released by the State Bank of Pakistan, government reserves increased by 108 million dollars during the week ending September 15. According to the Central Bank, the value of government reserves reached the level of 7 billion 695 million dollars, on September 15, the value of the total reserves was recorded at 13 billion 186 million dollars. According to sources, commercial banks have deposits of 5 billion 491.3 million dollars.