Friday , July 30 2021

Rupee weakens against dollar


KARACHI:

The rupee weakened against the US dollar at Rs158.92 in the inter-bank market on Wednesday compared with Tuesday’s close of Rs158.37, according to the State Bank of Pakistan (SBP). Earlier, the SBP let the rupee depreciate massively in the inter-bank market after finalisation of an agreement with the International Monetary Fund (IMF) for a loan programme on May 12, 2019. The IMF has asked Pakistan to end state control of the rupee and let the currency move freely to find its equilibrium against the US dollar and other major world currencies.

Published in The Express Tribune, July 8th, 2021.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.




Source link

Leave your vote

Comments

0 comments

About WikiFandom

Check Also

National broadband policy being ‘finalised’

ISLAMABAD: The Senate Standing Committee on Information Technology has been informed that the federal government …

Leave a Reply

close

Log In

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Enter Captcha Here : *

Reload Image

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.

%d bloggers like this: