The rupee touched a new all-time low of Rs174.43 against the US dollar in the inter-bank market on Monday in the wake of mounting pressure of import payments as well as looming uncertainty regarding a delay in the International Monetary Fund’s decision regarding resumption of $6 billion Extended Fund Facility (EFF).
Interbank closing #ExchangeRate for today: https://t.co/cqDBZzXLZX pic.twitter.com/G1gfkZaFST
— SBP (@StateBank_Pak) October 25, 2021
The rupee has maintained the downtrend for the past five months. It has lost 14.55 per cent or Rs22.16 to date compared to the 22-month high of Rs152.27 recorded in May.
With a fresh decline of 0.25pc, the rupee has depreciated 10.72pc or Rs16.89 since the start of the current fiscal year on July 1, 2021, data released by the central bank revealed.
