Rupee falls sharply to 185.92 against dollar for third day


Pakistani rupee remained on the downward slide against the US dollar for the third consecutive day and depreciated to 185.92 on Wednesday.

The State Bank of Pakistan said in a statement that the rupee opened at 184.44 against the US dollar in the interbank market and closed at 185.92 after shedding Rs1.48 (-0.80 percent). Within the open market, the rupee was trading at 186/187.50 per dollar against 184.30/185.80 a day earlier.

During the first three days of this week, the rupee has shed Rs4.37 against the US dollar and slipped to 185.92 from 181.55. —TLTP

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