July 15, 2022
Rupee resumes slide as dollar closes at Rs210.95
July 15, 2022
The rupee on Friday lost Rs1.1 against the US dollar in interbank trade, soaring past the 210-rupee mark again as it closed at 210.95.
According to data released by the State Bank of Pakistan (SBP), the greenback gained 0.55% against the local currency.
Interbank closing #ExchangeRate for todayhttps://t.co/6h85zWYQWb pic.twitter.com/gGsrYnK8In
— SBP (@StateBank_Pak) July 15, 2022
The central bank data shows that the rupee had made a nominal recovery against the dollar a day earlier after Pakistan and the Fund reached a staff-level agreement, closing at 209.80.
After reaching a peak of Rs211.93 on June 22, the dollar started declining for a brief period and fell to a low of Rs204.56 on July 4. Since then, the rupee continued its downward slide until Thursday when it made a slight gain.
Our monitoring team diligently searches the vast expanse of the web to carefully handpick and distill top-tier business and economic news stories and articles, presenting them to you in a concise and informative manner.
View all articles →0 Comments
No comments yet. Be the first to join the discussion!
