GNN on Google Play Store GNN on Apple App Store
Connect with us

Business

Rupee on losing streak against US dollar in inter-bank market

The latest reports say that the rupee depreciates by 0.58 per cent against the US dollar in the inter bank market.  

Published

1 year ago

on

By

Rupee on losing streak against US dollar in inter-bank market
GNN Media: Representational Photo

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.


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. 

 

Continue Reading

Trending