Rupee weakens against dollar
On Nov 12 Pakistani currency closed at all-time low of Rs175.73
KARACHI:
The rupee weakened against the US dollar at Rs174.66 in the inter-bank market on Thursday compared with Wednesday’s close of Rs173.75, according to the State Bank of Pakistan (SBP).
On November 12, 2021, Pakistani currency closed at an all-time low of Rs175.73 as demand for the foreign currency stood higher compared to its supply in the wake of an increase in import payments, rising global commodity prices, and uncertainty about the resumption of IMF loan programme.
Published in The Express Tribune, November 19th, 2021.
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