US dollar Jumps Up against rupee as trade week closes
US dollar Jumps Up against rupee as trade week closes

The closing rate of the U.S. dollar in the foreign exchange market stood at Rs168.08 marking a -0.21 percent devaluation of the local currency compared to yesterday charts.

The dollar added Rs0.36 to its value and jumped to Rs168.02 on the weekend.

According to the State Bank of Pakistan (SBP), the local currency closed at Rs167.66 against the greenback, registering a depreciation of 41 paisas over the previous close of Rs167.25.

Pakistani 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
The local unit rose by 6.2 percent or Rs10.51 against the US dollar in the currency market during the fiscal year 2020-21 that ended on June 30. (Source : Ary News)

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