Monday December 20, 2021

PKR Holds Steady at 178.04 Against US Dollar

KARACHI: The rupee held steady against the dollar in the interbank market on Monday despite unmatched demand and supply of the US currency.

According to data released by the State Bank of Pakistan (SBP), the rupee ended at 178.04 to the dollar, unchanged from the previous close.

A sharp rise in imports, fuelled by global commodity prices and stronger domestic demand, widened the trade deficit and resulted in the weakening of the local currency.

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