Thursday April 07, 2022

Pakistani Rupee All Time Low At Rs 189 Against US Dollar

KARACHI: The Pakistani rupee surpassed all records on Thursday, selling at above Rs189 against the dollar in the interbank market.

The local currency was trading at Rs189 in the interbank market, down Rs2.87 from Wednesday’s close of Rs186.13.

The rupee has continued a non-stop downward streak for the 17th successive working day, except on March 24 when it closed flat compared to the previous day’s closing as investors worried about the political situation and economy, adding pressure on the central bank to rescue the falling currency.

The recent round of depreciation emerged after the political crisis deepened in the country which also created problems for the importers in arranging dollars to make payments.

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