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.

Samsung Galaxy Watch 8 series hands-on: squircle squad
- 4 hours ago

NFLPA leaders backs director Howell amid reports
- 3 hours ago
Extension granted for Ajrak-themed number plates in Sindh until Aug 14
- 11 hours ago

Heavy rain in Punjab including Lahore
- an hour ago
US to send Patriot air defense systems to Ukraine: Trump
- 11 hours ago

First US pneumonic plague death since 2007 reported in Arizona
- 11 hours ago

The best Apple Watch Prime Day deals
- 4 hours ago

We should be in a golden age for sleep
- 2 hours ago

Scientists are trekking into the heart of a hurricane disaster zone — to save these rare creatures
- 2 hours ago

Live updates: Chelsea, PSG clash in Club World Cup final
- 3 hours ago

EU threatens $84bn tariffs amid trade dispute with US
- 11 hours ago

Iran says no nuclear talks if US insists halting uranium enrichment
- 42 minutes ago