Pakistan
Pak rupee plummets to all-time low against US dollar
The global strengthening of greenback weakened local currency
Karachi: The local currency was recorded historic low against the US dollar in the inter-bank market on Wednesday, as it closed above 206 for the first time.
The rupee settled at Rs206.46, a depreciation of Rs1.3 or 0.63% against the greenback, as the currency market anticipated a further spike in inflation, while the dollar added strength internationally.
Interbank closing #ExchangeRate for todayhttps://t.co/5WvqJcimxu pic.twitter.com/s79fz42ZrW
— SBP (@StateBank_Pak) June 15, 2022
On Tuesday, the local unit had settled at the then-record low of Rs205.16.
-
Business 2 days ago
Gold price plunges Rs2,000 per tola in Pakistan
-
Pakistan 1 day ago
Interior Minister visits Pakistan Coast Guards’ headquarters
-
Business 2 days ago
Petrol, diesel prices likely to drop from May 1
-
World 2 days ago
President Xi to visit France, Serbia, Hungary from May 5
-
Pakistan 2 days ago
Rana Sanaullah appointed as advisor to PM on political affairs
-
Regional 1 day ago
Punjab govt makes transfer, posting of senior officers
-
Pakistan 1 day ago
CM Punjab shows determination to raise standards of living of Labours
-
Pakistan 1 day ago
Zardari meets MQM leadership, discusses law and order situation in Karachi