Inter-Bank Market: Rupee stable against dollar
Cumulatively, the rupee has lost 31.8% of its value in the last 13 months
PHOTO: REUTERS
KARACHI:
The rupee remained stable against the dollar at Rs138.5/Rs139 in the inter-bank market on Tuesday compared with Monday’s close of Rs138.5/Rs139, according to forex.pk.
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 30th, 2019.
The rupee remained stable against the dollar at Rs138.5/Rs139 in the inter-bank market on Tuesday compared with Monday’s close of Rs138.5/Rs139, according to forex.pk.
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 30th, 2019.