Karachi (July 30, 2018): Dollar has started to devalue against Pakistani rupee after general elections 2018. Dollar decreased by Rs. 5.35 in inter bank market.
After the decrease, dollar’s price has reached to Rs. 122.50 at inter bank market.
On Friday, dollar closed at Rs. 127.85. On Saturday, dollar devalues by Rs. 4 in open market.
Dollar price which was soaring earlier, started to depreciate after Imran Khan’s victory speech, that he delivered after success of PTI in general elections 2018.
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According to a leading money changer, speculators foresee that there is a little chance that dollar would climb to new highs in short term. A selling spree was witnessed at the money changers and there were no buyers and only sellers.
On the other hand, gold prices also decreases with decline in dollar’s price. According to Haroon Chand, gold price has decreased by Rs. 2,850 per Tola. After which it has reached to Rs. 57,200 per Tola.
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