Rupee on trajectory to break SBP benchmark
Karachi: The US dollar has gained against the US dollar in the interbank market on Wednesday.
According to the data shared by the SBP, the value of local currency depreciated 0.16% against the US dollar in the interbank market on Wednesday. It decreased by 30 paisas and is being traded at Rs182.64.
Falling to a new record low each day, the value of the Pakistani rupee is on heading towards breaking the State Bank of Pakistan’s benchmark for the US dollar anytime soon. The rate of the US dollar should not go above Rs185 for market-to-market rates till June 2022.
Interbank closing #ExchangeRate for todayhttps://t.co/W1zJGCPpJR pic.twitter.com/AaZ4GQFLYi
— SBP (@StateBank_Pak) March 30, 2022
Meanwhile, in the open market, the local currency has plunged to an all-time low of Rs183 against the greenback after recording a decrease of 30 paisas in its value.
DOJ seeks a single-day prison sentence for an officer convicted in the Breonna Taylor raid
- an hour ago
Slack says its AI can make sense of your company’s jargon
- 3 hours ago
US rejects WHO global pandemic response accord
- 7 hours ago
Trump is making Americans like immigrants again
- an hour ago
Bradley: What it's like boxing Pacquiao, and how he can beat Barrios
- 2 hours ago
Democrats are right to flirt with Trump-Epstein conspiracies
- an hour ago
The crypto industry got what it paid for
- 3 hours ago
Mercedes-Benz will let you use an in-car camera in Microsoft Teams while driving
- 3 hours ago
The false romance of “princess treatment”
- an hour ago
The MAGA backlash over Epstein isn’t dying down
- 3 hours ago
Where do Taylor and Serrano land after all-women card?
- 2 hours ago
Eddington gets the pandemic right but still isn’t a great movie
- 3 hours ago
