Federal Budget

Rupee plunges to all time low of 202.83 against US dollar

Rupee plunges to all time low of 202.83 against US dollar

Business

Rupee plunges to all time low of 202.83 against US dollar

KARACHI (Dunya News) – Rupee on Tuesday weakened further in the inter-bank market, closing at 202.83 against the US dollar with lowest closing level in history.

During the session, the rupee remained under pressure and even hit the 204 level before making a recovery.

As per the State Bank of Pakistan (SBP), the currency closed at 202.83 after a day-on-day depreciation of Rs2.77, or 1.37%.

On Monday, the currency had ended at 200.06 against the US dollar in the inter-bank market.