Rupee continues downward against US dollar in interbank

KARACHI: The Pakistani rupee continued to lose ground against the United States (US) dollar in the interbank market on Tuesday, ARY News reported.

According to the State Bank of Pakistan (SBP), the greenback gained Rs0.22 against the local currency in the interbank market to close at Rs221.91.

Interbank closing #ExchangeRate for todayhttps://t.co/o4tZuTWJVd pic.twitter.com/ayVWEYAp0M

— SBP (@StateBank_Pak) November 15, 2022

Read: ALARM BELLS: PAKISTAN’S FOREX RESERVES FALL $956M TO $7.9B

In the open market, the US dollar is sold between Rs 226 to 228, said forex dealers.

Interbank closing #ExchangeRate for todayhttps://t.co/QHXuOvBJt0 pic.twitter.com/QqrB6G5Uai

— SBP (@StateBank_Pak) November 14, 2022

The Pakistani rupee finished at 221.69 the other day.