Increase in the value of the dollar in the interbank market, decrease in the open market

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Increase in the value of the dollar in the interbank market, decrease in the open market
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Increase in the value of the dollar in the interbank market, decrease in the open market

The interbank market increased by 11 paise—Photo: File

A slight increase in the value of the dollar in the interbank market, while the price in the open market decreased to below 281 rupees.

Despite the fulfillment of all the necessary conditions of the International Monetary Fund (IMF), hopes of approval of the loan program and encouraging remittances on a monthly basis, the value of the dollar rose to a limited extent in the interbank market on Wednesday. has decreased in value.

Experts said that the impact of the devaluation required before the IMF loan program was reached is visible in the interbank market even though the supply situation in the market is looking better.

At one point in the trading period, the dollar had fallen by 3 paise to Rs 278 37 paise, but due to increased demand for foreign exchange in the economy, the interbank rate of the dollar closed at the level of 278 51 paise with an increase of 11 paisa at the end of the business.

Similarly, since June 30, after fluctuations in the interbank rate of the dollar, an increase of only 17 paisa is being seen, while the value of the dollar closed at the level of 280 rupees 55 paisa after a decrease of 45 paisa in the open market.

Increase in the value of the dollar in the interbank market, decrease in the open market

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