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.

Sindh announces holiday for educational institutions on March 22
- 4 minutes ago

Saudi authorities arrest 50 people, including 11 women, for prostitution charges
- 4 hours ago

Pakistan vows full force against terrorism in recent security meeting
- 28 minutes ago

Mustafa Amir murder case: Father and son clash in court during case hearing
- 2 hours ago
KP govt allocates Rs5.5bn for police counter-terrorism equipment
- 4 hours ago
Gold prices hit historic highs amid global economic concerns
- 3 hours ago

Nagpur riots: Hindu extremist group demands destruction of Aurangzeb's tomb
- 3 hours ago

Dollar surges as forex markets struggle amid IMF delays, economic pressures
- an hour ago

JI chief offers help for Afghanistan talks, slams govt’s approach to national security
- 3 hours ago

SBP clarifies regarding issuance of new currency notes on Eid
- 5 hours ago
Jaffar Express resumes operations after terrorist attack
- 3 hours ago

Bangladesh’s 2025 tour of Pakistan confirmed for white-ball series
- 4 hours ago
You May Like
Trending