Rupee continues to weaken against dollar

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Dollar

In line with the increasing demand for the US dollar from importers due to import payment pressure, the Pakistani rupee continued to depreciate against the US dollar on Wednesday in the interbank market.

According to data released by the State Bank of Pakistan (SBP), the local unit closed at 222.41 losing 0.22% or Re0.50 compared to Tuesday’s close of 221.91.

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