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.
Sindh police give 10-day deadline to personnel to quit gutka, mawa use
- 24 minutes ago
Samsung Galaxy Unpacked 2025: the 7 biggest announcements
- 12 hours ago
WWE icon Goldberg bids farewell after 27-year wrestling career
- 3 hours ago
High risk near rivers as Tarbela spillways open today
- 2 hours ago
Rawalpindi to Multan bus meets accident; 5 in critical condition
- 3 hours ago
PTI launches 90-day ‘do or die’ movement across Pakistan
- 3 hours ago
Yanks' Rodon replaces Fried on AL All-Star team
- 11 hours ago
Kashmir Martyrs’ Day: A historic reminder of struggle and sacrifice
- 3 hours ago
Galaxy Z Fold 7 hands-on: Samsung finally made the foldables we’ve been asking for
- 12 hours ago
Iran confirms assassination attempt on President Pezeshkian amid Israeli airstrikes
- 2 hours ago
Wildlife force deployed as no-bird zones enforced near Lahore airport
- 2 hours ago
WhatsApp introduces new feature to show how many people are typing in group chats
- 17 minutes ago
