The local unit depreciated amid delay in issuance of loan by IMF and increasing demand of US dollar for imports
Published 3 years ago on Jul 5th 2022, 8:39 pm
By Web Desk
Karachi: The rupee fell against the US dollar on Tuesday, depreciating by Rs2.38 in the interbank market.
Interbank closing #ExchangeRate for todayhttps://t.co/k4MnG4SE2z pic.twitter.com/XqELRSEf2W
— SBP (@StateBank_Pak) July 5, 2022
The State Bank of Pakistan (SBP) said the dollar closed at Rs206.94, up from the previous day's close of Rs204.56, which translates into a depreciation of 1.15 per cent for the rupee.
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