Dollar slides to its lowest level in almost two years ...palestine

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Dollar slides to its lowest level in almost two years
The dollar was selling at Rs154.10 at the inter-bank, which is nearly a two-year low. The last time dollar was selling below this level was on June 14, 2019. “The market sentiments are that that the dollar will further shred its value more,” said Zafar Paracha, Secretary Exchange Companies Association of Pakistan (ECAP). The dollar rate fell by Rs4 or 2.4% during March from Rs158.10.    “When the market behaves this way, the selling begins which further puts the dollar under pressure. The same thing happens when the market expects the dollar to rise, people start buying, and subsequently dollar rate increases.” He added that these market sentiments are due to improved inward

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