Rupee extends losses against dollar, falls by Rs1.79 in interbank
16-8-2023
The Pakistani rupee fell by Rs1.79 against the US dollar during interbank trade on Wednesday, extending its losses from the previous day. The local currency was changing hands at Rs293.30 against the greenback at around 10:15am, according to data from the Exchange Companies Association of Pakistan (ECAP). In the open market, the dollar was being traded for Rs302. Yesterday, the rupee had closed at 291.51 against the dollar, according to State Bank of Pakistan’s (SBP) daily update. It had depreciated by Rs3 against the dollar at the day’s close.