The rupee weakened against the US dollar at Rs178.19 in the inter-bank market on Tuesday compared with Monday’s close of Rs178.17, according to the State Bank of Pakistan (SBP).
This is an all-time low value for the rupee as the currency has been declining for the past few months.
Demand for the dollar is higher compared to its supply in the wake of an expanding current account deficit, swelling imports, rising global commodity prices and uncertainty about the resumption of IMF loan programme.
Published in The Express Tribune, December 29th, 2021.
Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.
1732225542-0/logan-(1)1732225542-0-165x106.webp "article")
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ