US dollar fell by 40 paisas in interbank
Karachi: Pakistani rupee continues to strengthen against the US dollar on the second consecutive day in the interbank market on Wednesday.
According to the State Bank of Pakistan, the dollar depreciated 23% and slumped by 40 paisas. It traded at Rs176.23.
Earlier, the Pakistani rupee had fallen to an all-time low of Rs178.24 in the interbank and Rs180.30 in the open market on December 29, 2021.
Meanwhile, in the open market, the greenback recorded a drop of 30 paisas to sell at Rs178.80.
With a fresh gain of 0.23%, the rupee has depreciated by 11.86% (or Rs18.69) since the start of the current fiscal year on July 1, 2021, data released by the central bank revealed.
Interbank closing #ExchangeRate for today: https://t.co/nvGJbvIils pic.twitter.com/XD9HZCnThy
— SBP (@StateBank_Pak) January 12, 2022
The rupee has maintained the downtrend for the past eight months. It has lost 15.73% (or Rs23.96) to date, compared to the 22-month high of Rs152.27 recorded in May 2021.
Notification to put Khosa's name on PCL suspended
- 5 گھنٹے قبل
New polio case reported in Karachi, toll reaches 70 in 2024
- 6 گھنٹے قبل
Los Angeles wildfires devour thousands of homes, death toll rises to 10
- ایک گھنٹہ قبل
D-Chowk case: Bail granted to 153 PTI workers
- 6 گھنٹے قبل
PM congratulates nation on record increase in remittances
- 3 گھنٹے قبل
Armed men attack Levies post in Mastung
- 4 گھنٹے قبل
Cavs outduel Thunder in battle of NBA's top teams
- 42 منٹ قبل
Pakistanis send $3.07bn to Pakistan in Dec24
- 5 گھنٹے قبل
Satisfy with trial procedure in military courts: Justice Jamal
- 6 گھنٹے قبل
Toshakhana II case: Court agitated over Bushra's absence
- 3 گھنٹے قبل
Satellite images of Los Angeles fire emerged
- 5 گھنٹے قبل
US Ambassador Donald Bloom’s farewell message
- 2 گھنٹے قبل
