Karachi: On Monday, the Pakistani rupee plunged further and crossed the 210 threshold against the US dollar in the interbank market for the first time. The domestic currency closed at Rs209.96 against the greenback in the interbank market after losing Rs1.21, or 0.65%, according to the State Bank of Pakistan (SBP). This is the seventh consecutive working day of free-fall in the rupee, losing approximately Rs6, or over 3%, to date.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Stocks gain 452 points on expected IMF deal

Shares at the Pakistan Stock Exchange (PSX) witnessed a bullish trend in…

Saudi Arabia halts fuel supply to PIA

The fuel supply has been suspended to the Pakistan International Airlines (PIA)…

First shipment of Russian oil expected by month end

Minister of State for Petroleum Dr Musadik Malik on Wednesday said the…

Bank of England hikes interest rate to 14-year high

It emerged on Thursday that the Bank of England (BoE) had hiked…