Tag: Dollar VS PKR
-
Intraday trade: US dollar sheds Rs7.38 against Pakistani rupee
As Pakistan’s import pressure decreased, the US dollar lost strength versus the Pakistani rupee (PKR) for the fourth session in a row during intraday activity in the interbank market on Wednesday. The value of the US dollar decreased by Rs7.38 during Wednesday’s intraday trade, falling from Rs238.38 at Tuesday’s interbank close to Rs231. The rupee,…
-
Pakistani rupee continues to crash against US dollar, closes near Rs240
The Pakistani rupee (PKR) continued to depreciate against the US dollar on Thursday, closing near Rs240, another record low in the inter-bank market as a result of pressure from import payments and the government’s alleged inability to intervene. The local currency fell by Rs3.92 (1.63 per cent) or more, or Rs239.94, against the dollar, according…