Wednesday September 21, 2022

Rupee Devaluation At Record Low Of 239.65 Against Dollar

KARACHI: The Pakistani rupee continued to fall for the 14th consecutive session on Wednesday and hit a record historic low against the US dollar,

In the interbank market, the rupee plunged to 239.65 after losing 0.74, according to the data from the State Bank of Pakistan (SBP), down in value from the previous session’s close of 238.91.

The dollar now stands only Rs0.29 short of the all-time high level of Rs239.94 on July 28, 2022.

Meanwhile, the Forex Association of Pakistan (FAP) stated that the banks were selling dollar at Rs240.15. On the other hand, In the open market, the greenback was being traded at Rs246 to Rs248.

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