Islamabad: The exchange rate of Pakistan rupee depreciated by 07 paisas on Monday against the US dollar in interbank trading and closed at Rs168.09 as compared to the previous day’s closing of Rs168.02.
According to Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs168.6 and Rs169.4 respectively.
Interbank closing #ExchangeRate for today:https://t.co/k91BnWIxed pic.twitter.com/aZOJZwwOXa
— SBP (@StateBank_Pak) September 13, 2021
The demand for dollars continues to be strong owing to the pressure from importers on the back of a strong economic recovery, pushing the domestic currency lower, experts said.
Traders associated with the Forex market say the main reason for rising in the dollar rate in Pakistan on Tuesday is the increase in import bills.
Earlier Pakistani rupee had touched an all-time low of Rs168.98 against the greenback last year in August before recouping some losses to hit a 22-month high of Rs152.95 in April 2021. The exchange rates of Emirates Dirham and Saudi Riyal increased by 02 paisas each to close at Rs 45.76 and Rs 44.81 respectively.
New California law requires AI to tell you it’s AI
- an hour ago
Security forces kill 37 Khawarij in Mohmand, North Waziristan: sources
- 9 hours ago
Punjab Police detain over 2,500 in crackdown against religious party
- 9 hours ago
Microsoft AI announces first image generator created in-house
- an hour ago
EcoFlow’s Delta Pro Ultra X can power a home for weeks
- an hour ago
Sony’s noise-canceling WH-1000XM5 headphones are a Prime Day steal at $150 off
- an hour ago
This $299 Rubik’s Cube swaps colored squares for LCD screens
- an hour ago
OpenAI partners with Broadcom to produce its own AI chips
- an hour ago
The 2027 Chevy Bolt will be one of the cheapest EVs you can get
- an hour ago
The latest Moto Razr Ultra foldable is an even better value at $999
- an hour ago
Slack is turning Slackbot into an AI assistant
- an hour ago
Apple TV Plus is being rebranded to… Apple TV
- an hour ago
