Rupees Touches All Time High 204 In Interbank Market
Abdullah Hussain (@Abdulla99267510) Published June 07, 2022 | 01:25 PM
The rupee continues to fall against the US dollar as it has lost Rs3.94 in a day in the interbank market.
KARACHI: (UrduPoint/UrduPoint / Pakistan Point News- June 7th, 2022) The Pakistani rupee (PKR) continued to lose its value against the US Dollar as it made a giant leap and fell down around Rs3.94 in the interbank market.
The rupee crossed the historic threshold of 200 and reached all time high of 204.
The trend shows that the US dollar was being quoted around 204 against the local Currency compared to Rs200.06 in the previous session close in the interbank market.
The US dollar in the open market was being traded around 205.
The experts say that the local unit is being pressurized by the delay in the IMF tranche. The State Bank of Pakistan (SBP) has not received $2.3 billion from China yet and also not from the Saudi Arabia.
Related Topics
Recent Stories
Govt committed to developing gems, jewellery sector: Minister
Three new bills introduced in Senate
Nine dead, 1,318 injured in Punjab road accidents
Ukraine, Russia exchange fire, at least seven dead
1st-ever National Sports Revival conference starts next month
Joint venture decided for action against MEPCO’s defaulters
Modern irrigation system imperative to deal with water scarcity: UAF VC
Bringing 4.4mln hectares suitable land under olive cultivation to address econom ..
One woman died after speedy bus overturned
155 killed in Tanzania as heavy rains lash East Africa
Parliament committed to resolve public issues on priority basis: Ghulam Mustafa
Collaborative Care of Diabetes Centre inaugurated in Faisalabad
More Stories From Business
-
Collaborative Care of Diabetes Centre inaugurated in Faisalabad
31 minutes ago -
Kazakh envoy stresses quantum jump in bilateral trade
24 minutes ago -
Thousands of flights scrapped as French air traffic controllers strike
29 minutes ago -
SECP proposes amendments to General Takaful Accounting Regulations, 2019
29 minutes ago -
Govt committed to developing gems, jewelry sector: Minister
40 minutes ago -
Pakistan earns $1,976 million from IT services' export in 8 months
2 hours ago
-
Turkey central bank holds key interest rate steady
22 minutes ago -
PSX loses 80 points
2 hours ago -
Ahad Cheem lauds UNDP’s cooperation
2 hours ago -
Rupee sheds 09 paisa against dollar
22 minutes ago -
Chinese tech behemoth enters game amid global EV surging trend
22 minutes ago -
London stocks hit new record on blockbuster mining takeover bid
3 hours ago