Rupee closes just shy of all-time low against the dollar
Owing to concerns on the macro level, the Pakistani rupee closed yet again near its all-time low against the US dollar on Thursday.
The rupee lost 35 paisas (0.21%) to close at Rs169.03 against the greenback in the inter-bank market, according to data released by the State Bank of Pakistan (SBP).
Last week, the currency had dropped to an all-time low of Rs169.12 against the US dollar.
The currency has maintained a downtrend since May 14, 2021 — when it touched a 22-month high of Rs152.27 — and has lost a cumulative 11% (or Rs16.76) in the past four months.
Retrieved from: Geo News. https://www.geo.tv/latest/372073-rupee-closes-just-shy-of-an-all-time-low
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