KARACHI: The value of dollar against rupee in the inter-bank market went up by paisa 22, as dollar closed at Rs79.60 today.
Forex market dealers said that the demand for dollar swelled up due to flight of foreign capital from the stock market. Forex Association of Pakistan president, Malik Bostan told Geo News that the expatriate Pakistanis remittances were also seen somewhat shrunk, which pushed the rupee under pressure. On the other hand, dollar in the open market is being bought at Rs79.80 and sold at Rs80.00
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