The Pakistani rupee held ground against the US dollar in the interbank market on Monday and remained unchanged.
According to the State Bank of Pakistan, the dollar opened at Rs178.04 in the interbank market and closed at the same rate. Within the open market, the rupee was traded at 180/181 per dollar.
This is the lowest ever rate of the local unit against the greenback. The rupee’s depreciation during the ongoing fiscal year 2021-22 has been Rs20.62 and Rs17.89 in the current year 2021.
The central bank on Monday took more measures to enhance documentation and transparency in foreign exchange transactions through exchange companies.—TLTP
