May 21, 2022 04:55 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Parts of Delhi, Gurgaon receive heavy rains today | Textile firm BSL Ltd records Rs 11.48 cr PAT in FY22 | Road rage case: Navjot Singh Sidhu surrenders in Patiala court | Grounded for 3 years, Jet Airways to resume commercial flight operations | Indrani Mukerjea, accused of murdering daughter, leaves jail after 6.5 years
Pakistani drops by over Re1 against US dollar Pakistani Rupee
Wikipedia Commons

Pakistani drops by over Re1 against US dollar

India Blooms News Service | @indiablooms | 13 May 2022, 01:33 pm

Islamabad: Pakistani Rupee dropped by over Re1 against the US dollar during intraday trading in the interbank market on Friday, media reports said.

The rupee was trading at Rs193 after shedding Rs1.23 on Friday. The currency has dropped nearly 3% in the last five sessions since Monday, Geo News reported.

Speaking to, Exchange Companies Association of Pakistan (ECAP) Chairman Malik Bostan said that the widening trade deficit and political uncertainty are adding pressure on the dwindling rupee.

“When the new government took charge, the rupee recovered to Rs181 from a record high-level of Rs189; however, after ousted prime minister Imran Khan announced to hold a long march, the rupee once again broke all records,” he said.