Rupee strengthens against dollar
On April 7, 2022, the rupee closed at an all-time low at Rs188.18
KARACHI:
The rupee strengthened against the US dollar at Rs181.69 in the inter-bank market on Thursday compared with Wednesday’s close of Rs181.82, according to the State Bank of Pakistan (SBP).
On April 7, 2022, the rupee closed at an all-time low at Rs188.18 owing to speculation stemming from political turbulence in the country.
Moreover, demand for the dollar stood higher compared to its supply in the wake of an expanding current account deficit, swelling imports and rising global commodity prices.
Published in The Express Tribune, April 15th, 2022.
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