Pakistani rupee set all-time low of 178.19 against the US dollar on Tuesday, the 13th lowest level set in December.
According to the State Bank of Pakistan, the dollar opened at Rs178.17 in the interbank market and closed at Rs178.19 (-0.01). Within the open market, the rupee was traded at 180/181 per dollar.
Overall, the rupee has shed Rs2.47 against the US dollar during the current month. The rupee has depreciated by Rs20.77 during the ongoing fiscal year 2021-22 and Rs18.04 in the current year 2021.
The experts, however, said that the measures taken by the State Bank of Pakistan (SBP) are facilitating local currency to hold its stabilisation mode. —TLTP
