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

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.

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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.

Saman Siddiqui

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