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Wednesday May 22, 2024

Google glitch shows steep decline in dollar rates against Pakistani rupee

After the glitch was caught, it was fixed with rates going back to Rs286.72

By Business Desk
June 07, 2023
A money exchange employee counts dollars. — AFP/ File
A money exchange employee counts dollars. — AFP/ File

A technical glitch on Google Search showed a steep decline in dollar rates against the Pakistani rupee, late Tuesday night.

The US dollar rate declined to Rs186.73 leaving people shocked and confused at the development, as the local currency had not shown a stark recovery lately.

However, it was soon identified that the steep decrease in the currency exchange rates was a result of a technical issue on the website's search engine which brought the rates down.

In the interbank market on June 6 (Tuesday), the Pakistani rupee closed at 286.56 against the US dollar, while it remained above Rs300 in the open market.

After the glitch was caught, it was fixed with the rates going back to Rs286.72.

This was not the first time this glitch took over the world's largest search engine and had happened multiple times in the past with users noticing a massive decline in the dollar rates.

In July last year, the rates crashed to Rs207.10, which was in contrast to the rates issued by the State Bank of Pakistan. According to the central bank, the rupee closed at 236.02 against the US dollar in the interbank market.

Some Twitter users also pointed out the glitch in the search engine.

One tweep wrote: "Last night, the Dollar crashed on Google."

"Don't worry it is just an error of Google," another tweeted.

One Twitter user thought that Google has "gone nuts." He also pointed out rupees rates with that of the United Arab Emirates Dirham.