Meanwhile, according to Forex Association of Pakistan, the buying and selling rates of dollar in the open market were recorded at Rs. 160.7 and Rs. 161.6 respectively.
Bitcoin, a cryptocurrency known for extreme volatility, also traded near an all-time high, in a further sign that investors are growing more comfortable taking on riskier positions.
The U.S. currency teetered near a two-month low against the Australian dollar and a two-year low against the New Zealand dollar, both considered barometers of risk sentiment due to their close ties with the global commodities trade.
Trump acknowledged that the head of the General Services Administration should go ahead with a transition to a government led by President-elect Biden,
We had two big risk events taken off the table, one that the Trump administration was not going to allow for an orderly transition.
In interbank trading, the price of euro depreciated by Rs. 1.05 and closed at Rs. 190.04 against the last day’s trading of Rs. 191.09, State Bank of Pakistan reported.