close
Saturday June 25, 2022

Dollar breaches 207-mark in interbank market

The local currency posted fresh losses of 1.29 against the dollar and is being traded at Rs207.75 in the interbank market

By Web Desk
June 16, 2022
A currency dealer is counting notes of $100 while Rs5,000 notes are placed on the table. — AFP/File
A currency dealer is counting notes of $100 while Rs5,000 notes are placed on the table. — AFP/File

KARACHI: The Pakistani rupee on Thursday maintained its downward streak and dropped to an all-time low of Rs207.75 in the interbank market during the intraday trade, according to forex traders.

The local currency posted fresh losses of 1.29 against the dollar and is being traded at Rs207.75 in the interbank market.

A day earlier, the Pakistani rupee continued its downward slide against the US dollar as it depreciated over Rs1 in the interbank market during early morning trading.

According to the State Bank of Pakistan (SBP), the local currency shed Rs1.3 (or 0.63%) against the greenback to close at Rs206.46.