The local currency remains under pressure owing to dollar shortage
Published 4 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.
Iran describes Field Marshal Asim Munir’s visit as highly fruitful
- 13 hours ago
PRA tightens enforcement against fraudulent tax returns, orders data-driven scrutiny
- 12 hours ago
Why does it seem like food recalls are out of control this year?
- an hour ago
ESPN streaming plans are getting more expensive
- an hour ago
France, Saudi Arabia agree €6bn Dragon Ball Z park near Paris
- 13 hours ago
The Witcher 4 developers target a 2028 release
- an hour ago
Watch Valve set up the Steam Frame in its own leaked videos
- an hour ago
Cage-free eggs are likely worse for the climate. The answer isn’t to switch back to caged ones.
- 14 hours ago
The Pixel 11 Pro is a great phone, no thanks to its flashiest new features
- an hour ago
Tesla sunsets its Solar Roof tiles
- an hour ago
The cat-and-mouse game over 3D-printed guns has begun
- an hour ago
Robotaxis are real now — so is the pushback
- an hour ago
You May Like
Trending
