Rupee depreciation marks all-time lowest against dollar the correspondent pk

Pakistani rupee (PKR) saw a decrease of 34 paisas against the greenback and closed the trade at PKR 165.96. On Friday, the local currency had closed at PKR 165.62 per USD.

The rupee endured a relatively dull trading session with very little intraday movement, trading in a range of 34 paisa per USD showing an intraday high bid of 166.00 and an intraday Low offer of 165.70.

Within the Open Market, PKR was traded at 165/166.50 per USD.

As per the official data, the home unit has depreciated by 5.07% and 3.69% in FY22 and CY21, respectively with the month-to-date (MTD) position showing a drop of 2.13%.

The story was filed by the News Desk.
The Desk can be reached at info@thecorrespondent.com.pk.

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