Categories: Business

Rupee continues to lose value against US dollar

F.P. Report

KARACHI: The Pakistani rupee maintained its downward trend for the eighth consecutive working day, as it fell by Rs2.18 against the US dollar in the interbank market on Tuesday.

The greenback was being traded at Rs232 in interbank.

On the other hand, after gaining Rs2.0 in open market, the US dollar was being traded at Rs238.

The greenback is on a winning streak despite State Bank of Pakistan (SBP) getting much needed funds from International Monetary Fund (IMF).

According to economic experts, decline of rupee is due to increase in the dollar indexes internationally as well as country’s soaring current account deficit.

The Frontier Post

Recent Posts

China’s support for multilateralism is vital, says UN’s Guterres

TIANJIN, China (Reuters): China’s role in upholding multilateralism is fundamental, United Nations Secretary-General Antonio Guterres…

10 minutes ago

Thousands protest Israeli siege of Gaza near Venice Film Festival

VENICE (AFP): Thousands protested Saturday against Israel’s siege of Gaza on the sidelines of the…

10 minutes ago

UNRWA warns of ‘lost generation’ as 660,000 Gaza children remain out of school

GAZA CITY (AA): The UN agency for Palestinian refugees (UNRWA) sounded the alarm on Saturday…

12 minutes ago

Trump cancels India visit as US-India tensions escalate over tariffs

WASHINGTON (Web Desk): US-India relations have hit a new low after President Donald Trump canceled…

17 minutes ago

NCCIA expands probe into YouTuber Ducky Bhai for promoting gambling apps

F.P. Report LAHORE: The National Cyber Crime Investigation Agency (NCCIA) has expanded the scope of…

24 minutes ago

Israeli actress Gadot will stay away from Venice Film Festival amid Gaza protests

(Web Desk) : Israeli actress Gal Gadot is staying away from the Venice Film Festival…

26 minutes ago

This website uses cookies.