The local currency remains under pressure owing to dollar shortage
Published 3 years ago on Nov 18th 2022, 1:42 am
By Web Desk
Karachi: The Pakistani rupee Thursday further depriciated against the US dollar in the interbank trade.
The shortage of the greenback in the market created problems for the importers to open letters of cre dit (LCs) that eventually pushed the local unit to lose its value.
Interbank closing #ExchangeRate for todayhttps://t.co/QnNfYxF9eX pic.twitter.com/ewyO9S9U1r
— SBP (@StateBank_Pak) November 17, 2022
The rupee lost 0.12% or Re0.26 to close at 222.67 compared to Wednesday’s close of 22.41.
In the open market, the greenback gained 50 paisa to close at Rs229.50.
Judiciary is facing challenges in journey to deliver justice: CJP Afridi
- 21 hours ago
Nepal returns to calm as first woman PM takes charge, visits wounded
- 16 hours ago
U.S. loss to South Korea another misstep with World Cup prep time running out
- 21 hours ago
President expresses Pakistan’s full support for China’s vision of civilisation exchange, mutual learning
- 20 hours ago
Another person dies of Naegleria in Karachi
- 16 hours ago
PM suspends collection of power bills from consumers in flood-affected areas
- 16 hours ago
Arab, Muslim leaders to meet in Qatar to denounce Israeli attack
- 17 hours ago
Rally Arcade Classics gets manual transmission option in latest update
- 8 hours ago
Bottom 10: The spitting distance between Florida and Arizona State
- 8 hours ago
Wasim Akram tells Pakistan, India to forget noise and ‘enjoy’ Asia Cup clash
- a day ago
Let’s be honest about Charlie Kirk’s life — and death
- 7 hours ago
Apple is giving iPhone 14 and 15 users another free year of satellite features
- 9 hours ago
You May Like
Trending
