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.
Security meeting scheduled amid rising terror threats in Pakistan
- 2 گھنٹے قبل
PSX continues rally as KSE-100 gains 663 points amid IMF optimism
- 2 گھنٹے قبل
Trump’s attacks on higher ed could provide a chance to reimagine the university
- 2 گھنٹے قبل
Gold glitters, historic high in Pakistan
- ایک گھنٹہ قبل
UConn-Creighton ends in scuffle over 'fancy' dunk
- ایک گھنٹہ قبل
Houthis launch twin attacks on USS Harry Truman
- 41 منٹ قبل
SpaceX aims to send robots to Mars by 2026, humans expected by 2029-2031
- ایک گھنٹہ قبل
Wolf attack in Central Kurram leaves 9 injured, including child
- ایک گھنٹہ قبل
TTP camps destroyed in Khyber Pakhtunkhwa during police operation
- ایک گھنٹہ قبل
Weekend US tornadoes leave at least 40 dead
- 44 منٹ قبل
Sindh introduces scholarship and job portal to boost education, employment
- 3 گھنٹے قبل
FM reveals no plans for salary boost or pension increase in new budget
- 2 گھنٹے قبل
You May Like
Trending
