US dollar continues to suffer against Pakistani rupee

Loses Rs1.58 in value in two days 

By: News Desk      Published: 10:50 AM, 18 Mar, 2021
US dollar continues to suffer against Pakistani rupee

The US dollar (USD) registered a further decline against the Pakistani rupee (PKR) on Thursday, following the previous day trend, and it lost 79 paisas in value in the interbank market, reported 24NewsHD TV channel.  

Banking expert Asad Rizvi said the US dollar has fallen by Rs13.48 or eight percent from 168.43 in the interbank market since August 26, 2020.

He said the pressure on the rupee has eased as remittances and exports have registered healthy growth. He said the country has received $670 million in remittances. 

The dollar fell from Rs155.74 to Rs154.95 which even below its one-year low against the Pakistani currency. At the Interbank Foreign Exchange (IFEX), the greenback fell by 79 paisas to a one-year low of 154.95 rupees. 

Earlier, the American dollar registered a decline against the Pakistani rupee (PKR) on Wednesday as it lost 98 paisas in value. The dollar fell from Rs156.72 to Rs155.74 which was its one-year low against the Pakistani currency.  At the Interbank Foreign Exchange (IFEX), the greenback fell by 98 paisas to a one-year low of 155.74 rupees. 

The dollar fell by 40 paisas in the open market and closed at Rs156.40.

Reporter Ashraf Khan