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Rupee resumes slide as dollar closes at Rs210.95

The greenback gained 0.55% in the interbank market

By Monitoring Desk

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.

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.

 

 

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Monitoring Desk
Monitoring Desk
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.

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