Rupee depreciates against US dollar
- By Web Desk -
- Jul 13, 2021
KARACHI: The Pakistani rupee depreciated 15 paisas against the United States (US) dollar in the inter-bank currency market on Tuesday.
According to the State Bank of Pakistan (SBP), the local unit closed at Rs159.51 against the US dollar, registering depreciation of 15 paisas over the previous close of Rs159.36.
Interbank closing #ExchangeRate for today:https://t.co/hMukop9toU pic.twitter.com/PKsW23MSj3
— SBP (@StateBank_Pak) July 13, 2021
The Pakistani rupee touched an all-time low of 168.43 against the greenback last year in August before recouping some losses to hit a 22-month high of Rs152.95 in April, 2021.
READ: PAKISTAN’S REMITTANCES TOUCH ALL-TIME HIGH IN FY21
The local unit rose by 6.2 per cent or Rs10.51 against the US dollar in the currency market during the fiscal year 2020-21 that ended on June 30.