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Rupee plunges by 38 paise against greenback in interbank

Pakistan

Rupee plunges by 38 paise against greenback in interbank

Major reasons for the rupee’s depreciation were the dollar index’s rise and the greenback’s strengthening in the global market

Published

2 years ago

on

Sep 02, 2022 07:23 PM

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Web Desk

Rupee plunges by 38 paise against greenback in interbank

GNN Media: Representational Photo

Karachi: The Pakistan rupee lost 38 paise against the US dollar in the interbank market on Friday, breaking a three-day recovery streak.

Interbank closing #ExchangeRate for todayhttps://t.co/MFDU1Xf7pn pic.twitter.com/gGrWtxguqC
— SBP (@StateBank_Pak) September 2, 2022

The local currency closed at Rs218.98 per dollar, a depreciation of 0.17 per cent.

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