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.

‘Aghosh’ program: New mothers, pregnant women in Punjab to get Rs23,000
- 3 hours ago
KP govt allocates Rs5.5bn for police counter-terrorism equipment
- an hour ago

Bangladesh’s 2025 tour of Pakistan confirmed for white-ball series
- 25 minutes ago

SBP clarifies regarding issuance of new currency notes on Eid
- an hour ago

Eid u-Fitr holidays announced in UAE
- 2 hours ago

Saudi authorities arrest 50 people, including 11 women, for prostitution charges
- 31 minutes ago

24 dengue cases reported in Karachi
- 2 hours ago

FO highlights objectives of PM Shehbaz’s visit to Saudi Arabia
- 3 hours ago

Mercedes-Benz is hedging its bets with rebooted CLA sedan
- 2 hours ago

LHC orders to form committee to investigate harassment in educational institutions
- 4 hours ago

CTD kill three terrorists in Bannu, Charsadda
- 3 hours ago

Terrorism has no home on Pakistani soil: PM
- 2 hours ago
You May Like
Trending