The decline in foreign currency flows and remittances supported the greenback
Published 3 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.
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