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Pakistan

PKR continues depreciating against dollar in interbank

The local currency closed at Rs222.41

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PKR continues depreciating against dollar in interbank
GNN Media: Representational Photo

Karachi: The Pakistani rupee further weakened against the US dollar on Wednesday in the interbank trade, losing Rs0.50, or 0.22 percent.

The local unit weakened owing to increasing demand from importers. The local unit closed at 222.41 from Tuesday’s close of 221.91/dollar.

In the open market, the rupee lost Rs1.25 to close at Rs229 against the greenback.

 

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