The dollar’s price in the open market crossed Rs159 barrier in the open market on Wednesday, which shows the greenback at a four-month high. But experts say the dollar rate may fall in July. According to experts, the main reason for the weakening rupee or dollar rate increase is the June effect. June is the last month of the fiscal year and businesspersons and importers have to fulfill their commitments before the end of the fiscal year. “It’s mainly due to the month of June,” said Malik Bostan, the chairperson of the Forex Association of Pakistan. “Since the year is about to close, people have to fulfill their commitment of payments. For that, they need to buy dollars.” He added
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