Rupee weakens against dollar

On December 29, 2021 rupee hit an all-time low value of Rs178.24


Our Correspondent January 14, 2022

KARACHI:

The rupee weakened against the US dollar at Rs176.38 in the inter-bank market on Thursday compared with Wednesday’s close of Rs176.23, according to the State Bank of Pakistan (SBP).

On December 29, 2021 the rupee hit an all-time low value 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, swelling imports, rising global commodity prices and uncertainty about the resumption of IMF loan programme.

Published in The Express Tribune, January 14th, 2022.

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