Rupee dips to 10 month low of 163.90 against dollar


Pakistan rupee continued the losing streak against the US dollar for the second straight session on Monday and hit a 10-month low after depreciating by Rs0.45 (-0.27 percent) in the interbank.

According to the State Bank of Pakistan, the US dollar opened atRs163.45 and closed at Rs163.90. Previously, rupee was seen at Rs163.90 on October 7, 2020. Within the open market, the rupee was traded at Rs163.50/164.50 per dollar.

Overall, Pakistani rupee shed Rs1.02 against the US dollar during the last week, while depreciation dur-ing the fiscal year 2021-22 has been Rs6.54. The local unit has shed Rs3.71 against the US dollar in the current year 2021. —TLTP

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