Dollar slightly strengthens against Pak rupee

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.