Greenback touches historic excessive at interbank

KARACHI: The Pakistani rupee declined 1.12 rupees in opposition to the greenback at noon within the interbank trade market on Friday because the greenback reached a historic excessive.

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Greenback is being traded on the historic excessive of Rs176.10 at noon within the interbank market.

The trade closed at Rs174.98 Thursday, November 25, 2021.

Sellers stated that the native forex is shedding worth in opposition to the overseas forex because the import invoice is rising with present account deficit additionally driving rupee on a downward trajectory.

The earlier highest stage of  greenback of Rs175.73 was recorded on November 12,2021.

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