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Your email address will not be published.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

Emirates to start Dubai-Tel Aviv daily flights

Dubai: It emerged on Thursday that Emirates will be starting daily flights…

US Dollar slides ahead of central bank meetings

The US Dollar (USD) fell on Monday, dropping to a two-week low…