PKR declines 0.46pc against US dollar
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PKR declines 0.46pc against US dollar
KARACHI (Dunya News) – The rupee saw a tumultuous day of trading on Tuesday, beginning with a gain in the early hours of trade before ending with a loss of 0.46% versus the US dollar.
According to the State Bank of Pakistan (SBP), the rupee depreciated by Rs1 or 0.46% and ended the day at 217.66.
As political commotion overtook the market on Monday, the Pakistani rupee fell 0.93% or Rs2.01 to end the day at 216.66 versus the US dollar.
— SBP (@StateBank_Pak) August 23, 2022
Additionally, the State Bank of Pakistan s Monetary Policy Committee (MPC) chose to keep the policy rate at 15%, in line with what the market anticipated, noting some encouraging domestic and international events.
