Rupee weakens against dollar | The Express Tribune


The rupee weakened against the US dollar at Rs174.66 in the inter-bank market on Thursday compared with Wednesday’s close of Rs173.75, according to the State Bank of Pakistan (SBP).

On November 12, 2021, Pakistani currency closed at an all-time low of Rs175.73 as demand for the foreign currency stood higher compared to its supply in the wake of an increase in import payments, rising global commodity prices, and uncertainty about the resumption of IMF loan programme. 

Published in The Express Tribune, November 19th, 2021.

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

Source link

About Daily Multan

Check Also

Crisis-hit Sri Lanka braces for debt default as dollars run out

Sri Lanka is poised to default on its foreign debt as the grace period for …

Leave a Reply

Your email address will not be published.