The US dollar touches the all-time highest mark against the Pakistani Rupee in the interbank market on Tuesday.

The value of the US dollar surged by 0.85 paise marking the highest point at Rs168.9 per dollar, earlier the all-time highest mark was Rs168.58.

The value of the US dollar raised by Rs16.67 during the last four months.

The trading of the greenback in the inter-bank market closed at Rs168.10, yesterday.

The currency dealers experts and analysts said that there were many ways to avoid the depreciation but the State Bank of Pakistan had done nothing to bring stability.  

The Pakistani rupee had touched an all-time low of 168.43 against the greenback last year in August before recouping some losses to hit a 22-month high of Rs152.95 in April 2021.

The local unit surged by 6.2 percent (Rs10.51) against the US dollar in the currency market during the fiscal year 2020-21 that ended on June 30.

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

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