ISLAMABAD: After entertaining an upward trend, the Pakistani rupee’s fall continued for its fifth consecutive session against the US dollar with a depreciation of 0.47% on Thursday.
At the close of the day, the local currency lost Rs 1.35 against the greenback to settle at 285.15 according to updates from the State Bank of Pakistan (SBP).
Interbank closing #ExchangeRate for todayhttps://t.co/7dxjpQhMXu#SBPExchangeRate pic.twitter.com/EEh6Ex43HE
— SBP (@StateBank_Pak) July 20, 2023
On Wednesday, the rupee sustained losses against the US dollar for the fourth straight session, depreciating 0.27% to settle at 283.80 in the inter-bank market.
Meanwhile, in the open market, the buying and selling of the US dollar was recorded in the range of Rs 286.50 to Rs 289.50.
Pak Rupee Against Other Currencies
Like the greenback, other international currencies were also appreciated against the local currency both at the interbank and open market. The price of Euro witnessed a slight increase and was traded at the range of Rs 320.00 and Rs 323.00, in the open market.
The UAE Dirham, was available in the range of Rs79.30 and 80.00, while the Saudi Riyal was at Rs 76.50 and 77.30 (buying and selling) with an appreciation of 50 paisa compared to the last day.
