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.
Kim Jong-un offers full support to Russia in Ukraine war
- 18 گھنٹے قبل
Flooding at Taunsa, Guddu and Sukkur Barrages in Indus River
- ایک گھنٹہ قبل
Sharpe, 3-time Pro Bowl LT for Cardinals, dies
- 6 گھنٹے قبل
Big 12's Yormark 'doubling down' on 5+11 model
- 6 گھنٹے قبل
Emergency vaccination reduced deaths by nearly 60% during epidemics, study finds
- 18 گھنٹے قبل
Karachi police bust betel nut smuggling hidden in cement sacks
- 16 گھنٹے قبل
Plane crashes at London's Southend Airport
- 3 گھنٹے قبل
PTI expels five lawmakers for defying party policy
- 16 گھنٹے قبل
Indian drone strike kills 3 separatist leaders in Myanmar
- 16 گھنٹے قبل
Rain likely in various parts of country today
- 3 گھنٹے قبل
Frontier Constabulary to become countrywide force under new ordinance
- 16 گھنٹے قبل
New history in PSX! First time crosses 135,000 points
- ایک گھنٹہ قبل
