Rupee dips to new all-time low

KARACHI:

The rupee weakened against the US dollar at Rs177.89 in the inter-bank market on Monday compared with Friday’s close of Rs177.71, according to the State Bank of Pakistan (SBP). This is an all-time low value for Pakistani currency as demand for the foreign currency stands higher compared to its supply in the wake of expanding current account deficit, swelling imports. 

Published in The Express Tribune, December 14^th, 2021.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.