Karachi: US dollar on Monday jumped 35 paisa in the inter-bank market to be traded at Rs169.03, weakening the rupee by -0.21%.
According to the State Bank of Pakistan (SBP), the Pakistani rupee continued to lose its ground against the US dollar for the second consecutive session in the inter-bank market depreciating by -0.31% to close the day’s trade at Rs169.03.
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.
Interbank closing #ExchangeRate for today:https://t.co/5W9gBzbSBF pic.twitter.com/UJMMqputF2
— SBP (@StateBank_Pak) September 23, 2021
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 Rs169.03 against the greenback last year in August before recouping some losses to hit a 22-month high of Rs152.95 in April 2021.
Motorway M-5 shut down due to rising floodwaters in Multan
- 13 گھنٹے قبل
NATO states scramble jets after Russian drone violates airspace
- 13 گھنٹے قبل
Tributes pour in as boxing icon Ricky Hatton passes away
- 13 گھنٹے قبل
FIA arrests six in crackdown on illegal currency networks
- 13 گھنٹے قبل
Woman burned alive in Rawalpindi domestic dispute
- 12 گھنٹے قبل
Crawford a career-high 167.5 lbs for Canelo clash
- 3 گھنٹے قبل
Woman charged in deaths of Marquette athletes
- 3 گھنٹے قبل
Our first look at the iPhone 17 Pro and 17 Pro Max
- 4 گھنٹے قبل
Libya reaches deal with armed group to ease tensions
- 13 گھنٹے قبل
Google announces two new features for Gmail
- 12 گھنٹے قبل
49ers' QB Purdy a 'long shot' to play in Week 2
- 3 گھنٹے قبل
Nintendo Switch modder ordered to pay $2 million in piracy lawsuit
- 4 گھنٹے قبل
.jpg&w=3840&q=75)
