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US dollar gains against Pakistani Rupee

Rupee on trajectory to break SBP benchmark

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US dollar gains against Pakistani Rupee
GNN Media: Representational Photo

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.

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.

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