Pakistani Rupee posts biggest day loss against US dollars in years
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The Pakistani Rupee (PKR) continued its record-breaking fall against the US Dollar (USD) and reported losses in the interbank market today. The local currency lost Rs. 2.09 against the greenback at the close of the session today.
This is the biggest single-day loss that the local currency has reported in over a year.
It depreciated by 1.09 percent against the USD and closed at Rs. 188.18 today after losing 89 paisas and closing at Rs. 186.13 in the interbank market on Wednesday, 6 April. The domestic currency hit an intra-day low of Rs. 189.00 against the USD during today’s open market session.
So far, the PKR has lost Rs. 11.67 against the US$ during the calendar year 2022. On a fiscal-year-to-date (FYTD) basis, the local unit has depreciated by 19.45 percent or Rs. 30.63 against the dollar.
