Jul 13, 2021

Dollar rises to Rs 230 in black market

Amid the deepening foreign reserve crisis, the value of US dollar has risen to Rs 230 in the black market.
However, the exchange rates announced by the Central Bank yesterday showed that the dollar is sold at Rs 202.89.
But it is learnt that the dollar is exchanged at Rs 230 in the black market due to the severe shortage of the dollar.
The traders engaged in the import business are facing severe hardships due to the shortage of dollars and as a result, they are buying dollars at higher rates from the black market.
(Source Divaina)