US dollar climbs to 157.51 against rupee
- By admaster -
- Jun 21, 2021
KARACHI: The Pakistani rupee extended losses against the United States (US) dollar on the first day of week’s trading in the interbank currency market on Monday.
According to the State Bank of Pakistan (SBP), the local unit depreciated 61 paisas against the greenback.
The rupee closed at Rs157.51 against the dollar, registering depreciation of 62 paisas over previous close of 156.89, the central bank said.
Interbank closing #ExchangeRate for today:https://t.co/Ns8cnJKbaa pic.twitter.com/T5uQZLzO9c
— SBP (@StateBank_Pak) June 21, 2021
The rupee had touched an all-time low of 168.43 last year in August before recouping some losses to hit a 22-month high of Rs152.95 in April.
The local unit gained considerable ground on the back of improved foreign exchange reserves, current account surplus, and higher remittances besides less demand of dollar due to the pandemic.