November 05, 2024 21:51 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Union Minister HD Kumaraswamy booked for threatening cop probing into mining case | Supreme Court upholds validity of Uttar Pradesh Madrasa Education Act | Not all private properties are community resources that govt can take over: Supreme Court | Pakistan's Lahore has become world's most polluted city with an AQI of 1900 on Sunday | Indian Army 'successfully completes' patrolling to a key point in Ladakh's Depsang region
Pakistani rupee falls below 185-mark against dollar
Pakistani Rupee Fall
Image: Wikimedia Commons

Pakistani rupee falls below 185-mark against dollar

| @indiablooms | 20 Apr 2022, 06:20 pm

Islamabad: Pakistani rupee lost further ground on Wednesday as  fell below the 185-mark in the inter-bank market to close at 185.92 against the US dollar, media reports said.

According to the State Bank of Pakistan (SBP), the local currency lost 0.80% (or Rs1.48) to close at Rs185.92 against the greenback in the interbank market as concerns over weak economic fundamentals weighed in on the sentiment, reports Geo News.

The fresh decline comes on the back of buying dollars from oil importers, high global commodity prices, and depleting foreign exchange reserves.

Analysts told Geo News that dollar demand from importers, especially oil, has been consistently strong in recent sessions.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
Xi Jinping, Putin in Russia 22 Mar 2023, 02:56 pm
Related Videos