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Rupee continues slide reaches Rs229.87 against dollar in interbank

Rupee plunges to all time low of 202.83 against US dollar

by Arshad Khan
June 7, 2022
in Economy
2
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ISLAMABAD: Rupee on Tuesday weakened further in the inter-bank market, closing at 202.83 against the US dollar with lowest closing level in history.

During the session, the rupee remained under pressure and even hit the 204 level before making a recovery.

Read more: Pakistan out of financial crisis after petroleum price hikes: Miftah Ismail

As per the State Bank of Pakistan (SBP), the currency closed at 202.83 after a day-on-day depreciation of Rs2.77, or 1.37%.

Interbank closing #ExchangeRate for todayhttps://t.co/5h4viArShY pic.twitter.com/ASL46v8LTE

— SBP (@StateBank_Pak) June 7, 2022

On Monday, the currency had ended at 200.06 against the US dollar in the inter-bank market.

Tags: DollarPakistanPakistan Economy
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Arshad Khan

Arshad Khan

Arshad Khan is a career journalist and working as reporter with Daily FactFile. He reports on versatile issues including government, politics and public issues. He also has interests in health and technology issues.

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