Pak rupee weakens 95 paisa against dollar in interbank

Karachi: The Pakistani rupee continued losing value against the US dollar on Wednesday, weakening 95 paisa in the interbank trade.

According to the State Bank of Pakistan (SBP), the dollar gained 95 paisa to close at Rs220.68 with depriciation of 0.43 per cent.

Interbank closing #ExchangeRate for todayhttps://t.co/6RA1cFVFIx pic.twitter.com/FTtUVqL6Fw

— SBP (@StateBank_Pak) October 26, 2022

On Tuesday, the dollar was closed at Rs219.73. In the open market, the greenback gained Rs1.50 to close at Rs224,40.  

According to currency analysists, the import payments and political uncertainty in the country exterted pressures on the local currency.