US Dollar falls 42 paisas against PKR

The US dollar fell 42 paisas against the rupee on Friday in the interbank market as currency experts believe that the downward trend would continue and the greenback would soon reach the pre-Covid level.

The dollar was traded at around Rs154.50 during the day but closed at Rs154.59 compared to Rs155.01 a day before.

The greenback has depreciated 7.5 per cent against the rupee since August 2020.

Market sources offer a number of reasons that include higher inflows compared to lower outflows as reflected from the current account surplus during the eight months of the current fiscal year.