Monday April 18, 2022

US Dollar Gains Against PKR

KARACHI: Pakistan’s rupee broke its seven-session winning streak against the US dollar, depreciating marginally by 0.54% in the inter-bank market on Monday.

According to the State Bank of Pakistan (SBP), the rupee closed once again surpassed the Rs182-mark, closing at Rs182.52 against the greenback compared to Saturday’s close of Rs181.55.

The local currency underwent correction today after appreciating over Re1 last week; however, traders believe that the rupee will trade within a range of 180-181 against the US dollar in the ongoing week.

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