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.
Can the Iran war even be won?
- a day ago
Sources: Baz, Orioles finalizing 5-year, $68M deal
- a day ago
Ishaq Dar meets Saudi Foreign Minister, reaffirms Commitment to regional peace and cooperation
- 13 hours ago
Ishaq Dar meets Turkish FM after Egypt talks; focus on Middle East de-escalation
- 21 hours ago
Middle East tensions:PM calls for unity among Islamic countries amid ongoing crisis
- 14 hours ago
Adequate petroleum stocks available, public relief a priority:says PM
- 19 hours ago
Ishaq Dar, Egyptian FM discuss Middle East; call for deescalation and diplomacy
- 21 hours ago
Playoff watch: Projecting the Red Wings' postseason chances
- a day ago
Courts are finally punishing Big Tech for harming kids. Here’s the catch.
- a day ago
NASA wants to put a $20 billion base on the Moon
- a day ago
N. Korda hits stride, leads by 2 shots in Phoenix
- 18 hours ago
FMs of Pakistan, Saudi Arabia, Turkiye & Egypt hold consultations in Islamabad
- 17 hours ago
You May Like
Trending
