USD makes another big jump against rupee today

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KARACHI: Jan 30,2023:. US dollar value jumped up by Rs 6 in interbank Monday. Monday ‘s gain took US currency value to Rs 265 to a rupee.

On Friday last working day of precious week, US dollar had closed at Rs 259 (buying) .

In open market , US dollar sorry to Rs 268 (buying) today.

Since uncapping , US dollar had appreciated by Rs 34 and there seems no end to the rupee free fall in the local market .

Fast depleting Forex reserves are a cause of continued downfall of the rupee.

As present, Pakistan ‘s Forex reserves stand down to $ 3.7 billion which can only cater to need to ports of less than a month.

Shahbaz Sharif government is banking on International Monetary Fund (IMF) bailout package to get out of current economic crisis.

The government

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