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Dollar appreciated by Rs 1 in open market

Karachi: The US dollar has increased by Rs 1 on Wednesday in open market and

According to the exchange companies association, now the US currency is being sold at Rs 292.

Yesterday the greenback was closed at Rs 291.

The Pakistani rupee continued to depreciate steeply against the United States (US) dollar in the inter-bank market, hitting a new all-time low of Rs287.90 on Tuesday.

According to Forex dealers, the rupee depreciated Rs2.86 against the US dollar to trade at 287.90 in the inter bank market at 2:00 pm.

A day earlier, the rupee remained under pressure against the US dollar, closing at 285.04 in the inter-bank market, a decline of Rs1.25 or 0.44%.