The local unit closed at Rs237.91 per dollar on first trading day on Monday
Karachi: The local currency lost another Rs1.07 against the greenback in the interbank market on Monday.
The dollar has been constinously increasing in value against the Pak rupee since September 2.
Interbank closing #ExchangeRate for todayhttps://t.co/xI9H9BNNY1 pic.twitter.com/JVigeDlFRg
— SBP (@StateBank_Pak) September 19, 2022
According to the State Bank of Pakistan, the rupee was closed at Rs237.91 per dollar with a deprication of 0.45 per cent.
According to the currency experts that the local demand and supply gap of the greenback has been hurting the value of the local unit.
Oil payments in the dollar in the interbank and opening of letters of credit for import were other factors behind weakening of the local unit.
The rupee has alraedy lost Rs8.7 against the greenback last week.
PM calls for unity in combating terrorism following Balochistan train attack
- 3 گھنٹے قبل
Dollar gains 8 paisa against Rupee
- ایک گھنٹہ قبل
Pakistan, New Zealand set for exciting T20 series as trophy unveiled in Christchurch
- 4 گھنٹے قبل
Federal govt to pay salaries and pensions before Eid
- 5 گھنٹے قبل
Armenia, Azerbaijan reach draft peace agreement to end decades-long conflict
- 2 گھنٹے قبل
Couple seeks justice over unfair job termination at Japanese university
- 5 گھنٹے قبل
NTDC places educational orders worth Rs781m to promote local industry
- 7 گھنٹے قبل
Former law minister Khalid Anwar passes away at 87
- 2 گھنٹے قبل
Blood Moon to illuminate night sky during rare total lunar eclipse
- 5 گھنٹے قبل
Sikhs for Justice calls for action against RAW over Balochistan attack
- 6 گھنٹے قبل
PSL to expand to 8 teams by 2026, CEO announces key growth plans
- ایک گھنٹہ قبل
ECC cuts solar buyback rate to Rs10 per unit
- 6 گھنٹے قبل
