Tuesday, October 19, 2021

Rupee ends weaker by one paisa against US dollar

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KARACHI: The Pakistani rupee ended weaker by one paisa against the United States (US) dollar in the inter-bank currency market on Friday.

According to the State Bank of Pakistan (SBP), the rupee finished at Rs168.19 against the greenback, registering depreciation of one paisa over the previous close of Rs168.18.

The rupee appreciated Rs1.52 against the US dollar in the interbank market on Thursday, a day after touching an all-time low of Rs169.12. The rupee recouped some losses after the intervention of the central bank.

Also Read: PAKISTAN’S CURRENT ACCOUNT DEFICIT SWELLS TO $1.5BN IN AUG

The value of the US dollar has soared by Rs16.67 during the last four months.

The local unit rose by 6.2 percent or Rs10.51 against the US dollar in the currency market during the fiscal year 2020-21 that ended on June 30.

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