A hike of Rs4.55 in the ongoing month of July in dollar rate moved the greenback up to a 40-month high. The last time dollar was at this level was on October 16 last year. jwplayer("jwp-outstream-unit").setup({}); The dollar rate stood at Rs162.50 on Friday in the interbank. Experts say the increase in terrorist activities in the country and the reduction in the dollar supply after the expiry of the government’s amnesty scheme for the construction sector at the end of June were few reasons for the hike. “The influx of dollars in the country reduced as the amnesty scheme expired in June,” said Malik Bostan, the chairperson of the Forex Association
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