Rupee hits a new historic low of 181.35 against US Dollar

Saman SiddiquiMarch 21, 2022

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

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.

Saman SiddiquiMarch 21, 2022

0 206 Less than a minute

Saman Siddiqui

I am a freelance journalist, holding a Master’s Degree in Mass Communication and an MS in Peace and Conflict Studies, associated with the electronic media industry since 2006 in various capacities. Here at OyeYeah, I cover a range of genres, from journalism to fiction to fashion, including reviews, and fact findings.