Record decline in the value of money, open market was Rs 98.40 dollars
Inter-bank rupee against the dollar has been steadily decline, while trading at Rs 97 and $ 68 cash were found at a new high.According to Forex market dealers crude oil import demand for U.S. dollars by developers to increase the value of money falling dollar is buying lead.Inter-bank open market to influence the value of money decreases were also seen as a dollar extra 10 paise to 98 rupees 40 paise came to the surface.According to experts, due to foreign exchange payments zkayr is weak rupee continued to decline. Beginning of the current fiscal from over Rs 3 increase in dollar value was recorded.
Lose much money the central bank has some support
The value given some support by central banks lose money, dollar sales by banks could stabilize the value of money. Forex market dealers said dollar demand rising trend in inter-bank business maintains last day It is trading at 97 rupees and 95 paisa was also the highest level. Central Bank directed commercial banks to sell up to $ 10 million after the end of the trading at 97 rupees 67 paise said. According to experts, the foreign exchange reserves continued to decline payments rupee is weak. Beginning of the current fiscal from over Rs 3 increase in dollar value was recorded.
Pakistan's trade deficit rose 36% from last year
Pakistan's trade deficit rose 36 percent last year, the Ministry of Commerce told the National Assembly that Pakistan's trade deficit rose 36% last year During the previous five years, betel, gutka and cigarettes were imported with alcohol.Some members criticized it, saying that it is against the constitution and Islam.
