The Pakistani Rupee (PKR) continued its record-breaking fall against the USDollar (USD) and reported losses in the interbank market today. The localcurrency lost Rs. 2.09 against the greenback at the close of the sessiontoday.
This is the biggest single-day loss that the local currency has reported inover a year.
It depreciated by 1.09 percent against the USD and closed at Rs. 188.18today after losing 89 paisas and closing at Rs. 186.13 in the interbankmarket on Wednesday, 6 April. The domestic currency hit an intra-day low ofRs. 189.00 against the USD during today’s open market session.
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So far, the PKR has lost Rs. 11.67 against the US$ during the calendar year2022. On a fiscal-year-to-date (FYTD) basis, the local unit has depreciatedby 19.45 percent or Rs. 30.63 against the dollar.
