Rupee stable against dollar

KARACHI: The rupee remained stable against the dollar at Rs138.65/Rs139.03 in the inter-bank market on Monday compared with Friday’s close of Rs138.65/Rs139.03, according to the State Bank of Pakistan (SBP). Last year in November, the rupee fell to an all-time low at Rs144 against the dollar in intra-day trading before recovering to Rs139.05 in the sixth round of devaluation since December 2017. Cumulatively, the rupee has lost 31.8% of its value in the last 13 months.

Published in The Express Tribune, January 15^th, 2019.

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