Karachi: On Dec 28, the Pakistani rupee continued to slide against the US dollar with a fresh decline of 0.01% because of constant supply-side pressure. The local currency closed at Rs.178.19 against the greenback in the interbank market and surpassed Monday’s record low of Rs.178.17. This happened due to increased demand from the importers and a lack of adequate supplies.

Leave a Reply

Your email address will not be published.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

You May Also Like

Rupee gains 94 paisas against dollar

Islamabad: The Pakistan rupee appreciated by 94 paisa against the dollar in…

SBP likely to raise interest rate to unlock IMF loan programme

State Bank of Pakistan (SBP) is likely to raise the interest rate…

Oil gains as OPEC+ look to cut supply

Washington: On October 5, U.S. stocks retreated after strong gains as OPEC+…