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Rupee continues to depreciate against US dollar

KR closed at 165.96 against the dollar, a decline of Rs0.34 or 0.20%.

rupee fall against dollarThe rupee closed at Rs165.62 in the inter-bank market | OyeYeah News
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The rupee continues to depreciate against the US dollar!

The Pakistani rupee underwent another fall on the opening day of the week and nearing a 12-month low.

On Monday, the Pakistani currency depreciated by around 0.20% to close at Rs165.96 in the inter-bank market.

As per the State Bank of Pakistan (SBP), the PKR closed at 165.96 against the dollar, a decline of Rs0.34 or 0.20%.

According to the daily data released by the State Bank of Pakistan, the rupee closed at Rs165.62 in the inter-bank market on August 27.

It is pertinent to mention here that the real effective exchange rate below 100 means the country’s exports remain competitive and import expensive.

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.