Due to the uncertain economic conditions in the country, the flight of the dollar continued on Wednesday. For the first time in the country’s history, the interbank rate of the dollar exceeded 304 rupees and the open rate exceeded 319 rupees.
During business hours, the dollar rose by one rupee 55 paise to Rs 304 60 paise due to steady demand in the interbank market. However, the interbank dollar rose by Rs 1.39 to close at a new high of Rs 304.44 as demand eased slightly in the closing moments.
In the open currency market, the dollar rose by Rs 1.50 paise to close at a new high of Rs 319.50 paise. The difference between the interbank and open market value of the dollar has widened to Rs 15.06 paise. However, the rate of difference in value between the two markets of the IMF is fixed at 1 index of 25 percent.