Rupee extends losses, falls to Rs231.92 per dollar in interbank
Pakistani rupee maintained its downward trend for eighth consecutive working day, as it fell against the US dollar in the interbank market.
Stay updated with breaking news from Rupee Decline. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Pakistani rupee maintained its downward trend for eighth consecutive working day, as it fell against the US dollar in the interbank market.
The US dollar on Wednesday continued its upward trajectory against rupee despite receiving a loan tranche of US$1.16 billion from the IMF.
The domestic unit finally settled at 79.93, down 7 paise over its previous close of 79.86.
The US dollar on Tuesday reached all-time high against rupee in interbank as Pakistan continues to witness political instability.
The value of the rupee declined from 63.33 against a dollar on December 31, 2014, to 79.41 on July 11, 2022, FM Sitharaman said quoting RBI data.