Rupee sheds 72 paisa against USD for second day


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

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