The decline in foreign currency flows and remittances supported the greenback
Published 4 years ago on Oct 13th 2022, 11:59 pm
By Web Desk
Karachi: The US dollar continued gaining value against the Pakistani rupee on second consecutive day on Thursday.
Lack of inflows and a decline in remittances were the factors that supported the the greenback.
Interbank closing #ExchangeRate for todayhttps://t.co/dujfbK7WBp pic.twitter.com/RtHy4ZkudH
— SBP (@StateBank_Pak) October 13, 2022
According to the State Bank of Pakistan (SBP), the rupee closed at 218.38 after depreciating Rs0.05 or 0.23% against the dollar.
The local currency recorded its first depreciation on Wednesday in the past two weeks.
Gold prices drop in Pakistan, global markets
- 13 hours ago
This could be our best look yet at Samsung’s new wide foldable
- an hour ago
Nest’s quest to fix your thermostat
- an hour ago
Here’s a bunch of Prime Day deals on keyboards, mice, and other peripherals we like
- an hour ago
Sargodha Police rule out two murder suspects in Muntaha Zahra case
- 8 hours ago
Mexico see off Ecuador to break 40-year World Cup curse
- 13 hours ago
Heavy rain-lightning-flash floods kill two children, injure dozens in KP
- 12 hours ago
Meet the lawyer who beat Elon Musk — twice
- an hour ago
The US is better off than it was in 1976. So why does it feel worse?
- a day ago
Leaked iPhone 18 Pro photos reportedly wound up on the dark web
- an hour ago
The Flipper Zero creators’ Busy Bar productivity display will go on sale next month
- an hour ago
Suno launches Spark incubator program to feed independent artists to its AI machine
- an hour ago
You May Like
.jpeg&w=3840&q=75)
Trending
