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.
Lahore police arrest man for sexually assaulting stepdaughter
- 7 hours ago
At least 50 killed after refugee boat catches fire off Libyan coast
- 3 hours ago
India says trade talks with US were ‘positive’
- 2 hours ago
Wego expands presence in Pakistan, bring more travel choices to local travelers
- 3 hours ago
Cinema legend Robert Redford dies at 89
- 4 hours ago
Qatar won’t be attacked again, says Trump after Israeli strikes
- 7 hours ago
Luxembourg announces intention to recognize Palestinian state
- 2 hours ago
Power Rankings: Big wins and early breakout stars following Week 3
- 7 hours ago
FIA cracks down on illegal migration: 13 caught en route to Iran
- 6 hours ago
Kazakhstan bans forced marriages and bride kidnapping
- 5 hours ago
OGRA hikes kerosene oil price
- 4 hours ago
First ODI: Sidra Ameen’s ton helps Pakistan women set South Africa 256-run target
- an hour ago
