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Rupee hits a new historic low of 181.35 against US Dollar

Earlier on Friday, the rupee closed at Rs180.57 against US Dollar

dollar vs pkrRupee hits a new historic low of 181.35 against US Dollar | OyeYeah News
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Rupee hits a new historic low of 181.35 against US Dollar!

On Monday local currency continues to decline against the US dollar in the inter-bank market during intra-day trade despite a decrease in the current account deficit.

Earlier on Friday, the rupee closed at Rs180.57 according to data released by the State Bank of Pakistan (SBP).

The local currency has devalued by over 12.2% during the current fiscal year.

A widening current account and high import bills have weakened the local currency in recent months.

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.