December 1, 2022

NEWS.net.pk

Daily News Network

Double century of dollar in open market

The Pakistani rupee surpassed the anticipated level of Rs200 in the open market against the US dollar after shedding Rs2.5 on Wednesday.

Meanwhile, in the interbank market, the local currency continued to be on a slippery slope, and with a fresh decline of Rs3.87, or 1.34% in a single day, it plunged to yet another historic low of Rs198.39 against the greenback despite suspected intervention from the central bank.

The rupee was trading at a new all-time low at Rs199 at 2:46pm against the greenback during intraday trade, compared to Tuesday’s close of Rs 195.74