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Your email address will not be published.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

Gold prices show a downslide

All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) noted that the price of…

‘Quick relief’ from soaring inflation, not expected: Asad Umar

Islamabad: On Monday, Asad Umar, Planning and Development Minister rejected any chances…

Kazakhstan takes global majors to court over oilfield revenues

Kazakhstan on Tuesday said it had begun international arbitration court proceedings against…