Rupee weakens against dollar
Demand for the dollar was higher
The uptrend in international commodity prices suggests that Pakistan’s import bill would remain high going forward. PHOTO: FILE
KARACHI:
The rupee weakened against the US dollar at Rs176.68 in the inter-bank market on Monday compared with Friday’s close of Rs176.67, according to the State Bank of Pakistan (SBP). On December 29, 2021 the rupee hit an all-time low of Rs178.24 against the greenback as demand for the dollar was higher compared to its supply in the wake of an expanding current account deficit.
Published in The Express Tribune, January 11th, 2022.
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