Dollar hits a new historic high of Rs221 in interbank
The dollar hits a new historic high of Rs221 in the interbank on Tuesday.
After the previous day’s close of Rs215.20, the US dollar gained Rs5.8 to reach an all-time high of Rs221 around 12:00pm.
Its the highest day-on-day depreciation recorded after March 26, 2020.
The dollar has gained a whopping Rs4.5 in the interbank a day earlier amid political uncertainty in the country.
Interbank closing #ExchangeRate for todayhttps://t.co/DHtaAljyx2 pic.twitter.com/xd2Mc9i5GL
— SBP (@StateBank_Pak) July 18, 2022
The ruling PML-N’s defeat in the Punjab by-elections has triggered political uncertainty along with import pressure taking the Pakistani rupee to new lows.
Since the arrival of this govt, the PKR has lost almost 21% to USD, while Inflation hit 21% in June.
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