Rupee strengthens against dollar | The Express Tribune


KARACHI:

The rupee strengthened against the US dollar at Rs176.63 in the inter-bank market on Tuesday compared with Monday’s close of Rs176.68, according to the State Bank of Pakistan (SBP). On December 29, 2021 the rupee hit an all-time low of Rs178.24 against the greenback as demand for the dollar was higher compared to its supply in the wake of an expanding current account deficit, swelling imports, rising global commodity prices and uncertainty about the resumption of IMF loan programme.

Published in The Express Tribune, January 12th, 2022.

Like Business on Facebookfollow @TribuneBiz on Twitter to stay informed and join in the conversation.

 




Source link

About Daily Multan

Check Also

German regulator says Adler overstated 2019 accounts by up to €233mn

Embattled German real estate group Adler overstated its 2019 accounts by up to €233mn, according …

Leave a Reply

Your email address will not be published.