In the previous months, the local currency was observed to recover significantly against the dollar.
KARACHI – The Pakistani rupee on Monday lost its strength by 7 paisa against the U.S. dollar in the interbank market and hit Rs155.30.
In the previous months, the local currency was observed to recover significantly against the greenback in both interbank and open markets. Until June this year, the rupee was observed to cumulatively depreciate against the greenback, which in turn, had resulted in increased prices of goods and hardships for the general public.
On the other hand, the World Bank Group has also supported the idea of leaving the rupee free from state control in an attempt to give much-needed boost to exports and fix a faltering economy. The gradual drop in the rupee had come due to high demand for the dollar against thin supply as the country continued to make aggressive international payments to partially pay off huge foreign debt and for imports.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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