The local unit remained under pressure owing to ongoing political uncertainty involving run-off Punjab CM election
Published 3 years ago on Jul 26th 2022, 12:05 am
By Web Desk
Karachi: The local unit continued to lose value against the US dollar on Monday, hitting a new low of Rs229.88 in the interbank market.
According to the Forex Association of Pakistan (FAP), the rupee lost Rs3.63 against Friday's close of Rs228.37 to reach Rs232 around 1:30pm.
Interbank closing #ExchangeRate for todayhttps://t.co/qDQCVV0bh5 pic.twitter.com/6Q3uG2wFUy
— SBP (@StateBank_Pak) July 25, 2022
The greenback eventually closed at Rs229.99, with the local currency depreciating 0.66pc, according to data shared by the State Bank of Pakistan (SBP).
Iran warns Washington it will retaliate against any attack
- 9 hours ago
Preparing youth for digital economy: inside Pakistan’s wealth university
- 10 hours ago
Bangladesh players act normal despite controversies, says Shanto
- 8 hours ago
Foreign remittances hit record high of $3.6bn in December
- 10 hours ago
How the US shut the door on asylum-seekers
- a day ago
Pakistan reiterates support for Somalia's sovereignty, integrity
- 6 hours ago
Islamabad: Cylinder blast in wedding house leaves eight dead, 11 hurt
- 9 hours ago
Forensic report confirms presence of CM Sohail Afridi in May 9 incidents
- 11 hours ago
Bob Weir, Grateful Dead co-founder and rhythm guitarist, dead at 78
- 8 hours ago
Mainly cold, dry weather expected in most parts: Met Office
- 10 hours ago
Pakistan Navy ships visit Port Sultan Qaboos
- 10 hours ago
Want closer friendships? Find your “strawberry people”
- a day ago
You May Like
Trending
