The greenback closed at Rs218.89 in the interbank trade
Published 2 years ago on Oct 17th 2022, 8:51 pm
By Web Desk
Karachi: The Pakistani rupee continued to lose in value against the US dollar for the fourth consecutive session on Monday.
According to the State Bank of Pakistan (SBP), the local currency closed at Rs218.89 after depreciating Rs0.46 or 0.21% against the greenback compared to Friday’s close of 218.43.
Interbank closing #ExchangeRate for todayhttps://t.co/F0H8TxTY27 pic.twitter.com/j9KWtyy9GM
— SBP (@StateBank_Pak) October 17, 2022
Accoridng to analysts, the local unit will remain range bound in the ongoing week, depending on the demand for greenback by importers as the central bank has started to clear pending letters of credit.
On the other hand hand, the dollar lost 30 paisa to close at Rs225.70 in the open market.
Mustafa Amir murder case: Father and son clash in court during case hearing
- 7 hours ago
Nagpur riots: Hindu extremist group demands destruction of Aurangzeb's tomb
- 8 hours ago
Pakistan vows full force against terrorism in recent security meeting
- 5 hours ago
JI chief offers help for Afghanistan talks, slams govt’s approach to national security
- 8 hours ago
Virtual learning introduced at Balochistan universities amid growing security risks
- 3 hours ago
Jaffar Express resumes operations after terrorist attack
- 8 hours ago
Dollar surges as forex markets struggle amid IMF delays, economic pressures
- 6 hours ago
Somali militants attack presidential convoy, president escapes unhurt
- 2 hours ago
Ruet-e-Hilal Committee to meet on March 30 for Shawwal moon sighting
- 4 hours ago
Sindh announces holiday for educational institutions on March 22
- 5 hours ago
Gold prices hit historic highs amid global economic concerns
- 8 hours ago
Army Chief stresses need for national unity in fight against terrorism
- 2 hours ago
You May Like
Trending
