Pakistani rupee continues to recover against US dollar

Pak rupee closing at Rs262.6 per dollar, down Rs7.17

Pakistani rupee continued to depreciate steeply in the interbank market on Friday, closing at Rs262.6 per dollar, down Rs7.17 or 2.73 per cent from yesterday’s close, according to the State Bank of Pakistan (SBP). The local currency’s value declined Rs24.54 to a record low of Rs255.43 in the interbank yesterday, the largest single-day depreciation in both absolute …

Pak rupee closing at Rs262.6 per dollar, down Rs7.17 Read More »