The latest reports say that the rupee depreciates by 0.58 per cent against the US dollar in the inter bank market.
Karachi: The local currency on the trajectory of losing value against the US dollar in the interbank market on Friday.
According to the State Bank of Pakistan, the rupee depreciated against the US by 0.58 per cent. It showed that the rupee closed at 286.81 on Friday as compared to Thursday when it closed at 285.15.
Interbank closing #ExchangeRate for todayhttps://t.co/PMrUjl22FS#SBPExchangeRate pic.twitter.com/Fj8mJS9mH6
— SBP (@StateBank_Pak) July 21, 2023
The rupee continued to lose value against the US dollar even after the State Bank of Pakistan confirmed increase in the foreign reserves.
The friendly countries including Saudi Arabia, UAE and China fulfilled their commitments and deposit the promised amount into the account of State Bank of Pakistan.
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