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Sunday, January 19, 2025

Home Business Rupee sheds 72 paisa against USD for second day

Rupee sheds 72 paisa against USD for second day

by News desk
February 26, 2022
in Business

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Pakistani rupee depreciated by 72 paisa (-0.41 percent) against the US dollar for the second straight day as commodity prices surged globally on the back of Russia-Ukraine conflict.

The State Bank of Pakistan said in a statement on Friday that the dollar opened at Rs176.39 in the interbank market and closed at Rs177.11. The rupee witnessed a trading range of 92 paisas during the session, showing the intraday high bid of 177.30 and low offer of 176.85. Within the open market, the rupee was traded at 177.50/178.50 per dollar against 176.70/177.60 per dollar a day earlier.—TLTP