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