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Dollar over 85 in open market

Thursday, January 7, 2010
Updated at: 1217 PST, Thursday, January 07, 2010
Dollar over 85 in open market KARACHI: The US dollar is seen declining in international market for some days but its value continued to surge in open market with all time high level here.

US dollar has crossed Rs.85 level in open market today Thursday and is seen selling at all time high in inter-bank market at Rs84.92, gaining 15 paisa more.

According to forex market dealers, dollar is in demand in banking sector and was recorded at Rs.84.92 level during trade today.

The rupees value is seen under pressure today following buying of 75 million dollars in banking sector, said dealers.

Meanwhile, the spokesman Exchange Companies Association of Pakistan (ECAP) Naeem Uddin said buying price of dollar has crossed Rs.85 level and being sold at Rs85.05 in open market today.
Posted by faraz at 2:46 AM
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