Pakistani rupee declines against US dollar
- By Web Desk -
- Apr 23, 2021
KARACHI: The Pakistani rupee depreciated 41 paisas against the United States (US) dollar on the last day of week’s trading in the interbank currency market on Friday.
According to the State Bank of Pakistan (SBP), the local currency closed at 153.87 against the greenback, registering depreciation of 41 paisas over the previous close of Rs153.46.
Interbank closing #ExchangeRate for today:https://t.co/Jbei6POGK5 pic.twitter.com/AltQQmaKno
— SBP (@StateBank_Pak) April 23, 2021
Last week, the Pakistani rupee strengthen by 12 paisas against the United States (US) dollar in the interbank currency market on a week-on-week basis. In the open market, however, the rupee appreciated 30 paisas to 153 against the US dollar.
It has gained considerable ground on the back of improved foreign exchange reserves, current account surplus, foreign loan receipts, higher remittances besides less demand of dollar due to the ongoing pandemic.