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.
A Kinect for kids is outselling Xbox to become the hot console this holiday
- 4 hours ago
AI boom seen lifting chipmaking equipment sales 9pc to $126bn in 2026
- 12 hours ago
Assailants kill cop, brother in gun attack in KP’s Lakki Marwat
- 12 hours ago
Pakistan qualify for semi-final of under 19 Asia Cup cricket
- 12 hours ago
My defense of a $40 cable paperweight – I’m sorry
- 4 hours ago
Tagic Army Public School (APS) Peshawar incident completes 11 painful years
- 10 hours ago
Young Leaders Conference 2025 highlights social stewardship on day two
- 12 hours ago
Sabalenka named WTA Player of the Year for second straight season
- 15 hours ago
Please don’t make airports healthy again. Just make them more efficient.
- 2 hours ago
Gold prices dip per tola in Pakistan, global markets
- 15 hours ago
YouTube made its video player easier to navigate on TVs
- 4 hours ago
Arteta tells critics to back off struggling Gyökeres
- 3 hours ago
