Rupee tumbles to 157.51 in interbank market

The Pakistani rupee continued to weaken on Monday, closing at Rs157.51 against the dollar in the interbank market, and extending the fall to 3.4 per cent in the last month and a half.

The rupee closed at Rs152.28 on May 7, but has continued to weaken since as increase in imports and high commodity prices weigh in on the South Asian economy.

Interbank closing #ExchangeRate for today:https://t.co/Ns8cnJKbaa pic.twitter.com/T5uQZLzO9c

— SBP (@StateBank_Pak) June 21, 2021