Pakistani rupee continued to depreciate steeply against the United States (US) dollar in the interbank market, hitting a new all-time low of Rs287.90. According to forex dealers, the rupee depreciated Rs2.86 against the US dollar to trade at 287.90 in the interbank market at 2:00 pm. In the open market, the greenback was trading at Rs291.

Leave a Reply

Your email address will not be published.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

You May Also Like

Govt initiates process for discos privatisation

The federal government on Thursday formally initiated the privatising process of power…

Petrol, diesel prices to remain unchanged: Dar

Finance Minister Ishaq Dar has announced that the prices of petrol and…

Pakistan ranked 5th place in BRI

According to the annual report of the Belt and Road Infrastructure Development…

SBP increases interest rate by 150 bps to 8.75 %

On Friday, The State Bank of Pakistan (SBP) raised its benchmark interest…