Rupee slide continues against US dollar
- By Web Desk -
- Aug 11, 2021
KARACHI: The Pakistani rupee depreciated by 16 paisas against the United States (US) dollar in the interbank currency market on Wednesday.
According to the State Bank of Pakistan (SBP), the local unit closed at Rs163.92 against the greenback, registering appreciation of 16 paisas over the previous close of Rs163.76.
Interbank closing #ExchangeRate for today:https://t.co/5D1s8BwXKQ pic.twitter.com/W47uD6ELKD
— SBP (@StateBank_Pak) August 11, 2021
The US dollar touched a 10-month high and was traded at Rs164 last week. The last time the greenback crossed the 164 mark was in October 2020.
The rupee had 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.