The foreign currency dealer’s association reported that the rupee hit a new intra-day high of Rs119.50 on Wednesday. It closed at Rs119.35. Overheating of the US dollar forced currency dealers on Wednesday to grab a chair and table to chalk out a way forward in a bid to meet objectives of the State Bank of Pakistan (SBP).
Dollar price also increased by Rs. 2.00 in interbank and reached at Rs. 115.67, whereas UAE Dirham increased by Rs. 0.08 and reached at Rs.32.70 whereas EUR decreased by Rs. 0.50 and reached at Rs. 140.