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.
Another Israeli spy executed in Iran
- 7 hours ago
Tomato prices increase significantly, reasons revealed
- 5 hours ago
Gold prices drop in two days
- 3 hours ago
Alleged suicide bomber apprehended in KP
- 15 hours ago
Warriors waive Seth Curry but expect his return
- 10 hours ago
Rain predicted in various parts of country
- 7 hours ago
Pakistan rejects ICC’s selective comment regarding Afghan cricketers' death in airstrike
- 19 hours ago
HIV cases among children increase rapidly in Nawabshah
- 8 hours ago
Interior Minister briefs PM on country's law and order situation
- 19 hours ago
Brother of National Party’s central leader murdered in Balochistan’s Panjgur
- 16 hours ago
Rawalpindi Test: Pakistan continues to bat in first innings against South Africa
- 5 hours ago
Govt approves wheat policy; procurement set at Rs3,500 per 40kg
- 19 hours ago
