The open market witnessed the dollar’s value hitting 300 rupees.


Karachi: The US dollar hit an all-time high against Pakistani rupee, setting a new record in the interbank market on Monday.
The rupee set an all-time low and broke through the 300-rupee barrier, rising to a record high of 302 rupees amid the economic collapse and political unrest.
Interbank closing #ExchangeRate for todayhttps://t.co/WpF9PYlRM9#SBPExchangeRate pic.twitter.com/hOkqhsgiiG
— SBP (@StateBank_Pak) August 28, 2023
The open market witnessed the dollar’s value hitting 300 rupees.
The rupee's continued devaluation is shown by the higher rise in the value of the dollar, which creates a difficult mood for the coming week.
According to currency dealers, the dollar surged by 0.75 paisas to reach a startling 301.75 rupees at the beginning of the new business week, continuing the greenback's upward trajectory against the Pakistani rupee.
The rupee consistently weakened over the preceding week, suffering losses in each of the five trading sessions, and ultimately falling to an unheard-of low of 301 against the US dollar.

PSX continues rally as KSE-100 gains 663 points amid IMF optimism
- 5 hours ago

Gold glitters, historic high in Pakistan
- 4 hours ago
Trump administration begins mass layoffs at Voice of America and US-funded media outlets
- 18 minutes ago

PTI to participate in National Security Committee meeting
- 4 minutes ago
Wolf attack in Central Kurram leaves 9 injured, including child
- 5 hours ago
SpaceX aims to send robots to Mars by 2026, humans expected by 2029-2031
- 5 hours ago

TTP camps destroyed in Khyber Pakhtunkhwa during police operation
- 4 hours ago
Weekend US tornadoes leave at least 40 dead
- 4 hours ago
Pakistan's tallest man, Nasir Soomro, passes away in Shikarpur
- 10 minutes ago
Five family members of SHO injured in grenade attack in Khuzdar
- 2 hours ago

Houthis launch twin attacks on USS Harry Truman
- 4 hours ago

UConn-Creighton ends in scuffle over 'fancy' dunk
- 5 hours ago