Rupee hits one-year high against dollar
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KARACHI: The rupee on Tuesday soared to one-year high against the US dollar at Rs156.72 in the interbank market.
The dollar was traded at Rs156.58 on March 9, 2020. The local currency has been recovering gradually against the greenback on account of improved foreign exchange reserves, higher remittances and current account surplus.
The dollar has lost over 7pc against the rupee after hitting an all-time high of Rs168.43 in August 2020.
Published in Dawn, March 17th, 2021
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Mar 17, 2021 08:45am
Shall we now see the prices of essential commodities, linked to international markets, decreasing?
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Mar 17, 2021 09:23am
Love you IK. Indians sink downward in Happiness Index every day with many such news. ;)
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Mar 17, 2021 10:15am
Yet no benefits has been transferred to commoners. Hence the rise in rupees has no value for commoners like us. We continue our extreme struggle.
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