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Dollar’s flight continues against Pakistani currency hits Rs175.27 in inter-bank trading

The currency lost 84 paisas or 0.48% to hit its lowest level of Rs175.27 against the greenback.

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Dollar’s flight continues against Pakistani currency hits Rs175.27 in the inter-bank trading on Tuesday.

The greenback with an increase of 83 paisas on Tuesday has climbed up to a record Rs175.27 against the Pakistani rupee in inter-bank trading,

The rupee has depreciated to the lowest level since August 1947.

The dollar previously closed at Rs174.43 in interbank trading.

According to an analyst, the situation arises owing to an increase in demand for foreign currency in the inter-bank market.

With a fresh decline of 0.48%, the rupee has depreciated 11.25% (or Rs17.73) since the start of the current fiscal year on July 1, 2021, data released by the central bank revealed.

the authorSaman Siddiqui
Saman Siddiqui, A freelance journalist with a Master’s Degree in Mass Communication and MS in Peace and Conflict Studies. Associated with the media industry since 2006. Experience in various capacities including Program Host, Researcher, News Producer, Documentary Making, Voice Over, Content Writing Copy Editing, and Blogging, and currently associated with OyeYeah since 2018, working as an Editor.