KARACHI: The Pakistani rupee weakened against the United States (US) dollaras it depreciated by Rs0.22 against the greenback on the first trading dayof week.
According to the State Bank of Pakistan (SBP), the dollar today closed atRs160.39 against the local currency as compared to Friday’s closing rate ofRs160.17. The rupee recorded a 0.14 per cent depreciation in its value.
Last year in November, the rupee had hit a seven-month high of Rs158.70against the dollar, becoming the third best-performing currency in Asia.The local unit had cumulatively appreciated by Rs9.73 or 3.1 per centagainst the greenback since touching an all-time low of Rs168.43 in Augustlast.
