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dollar globally, State Bank of Pakistan Deputy Governor Inayat Hussain said. Since December 2021, the Pakistani rupee has depreciated by 18 percent, and 12 percent of it is owing to the strengthening of the U.S. dollar payment from the International Monetary Fund (IMF) to Islamabad and other global factors are mainly responsible for the rupee slump.
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dollar, according to the figures released by the SBP, adding that the rupee closed at 228.37 on Friday last week.Īccording to the country's economic experts, political impacts, low forex reserves, high import bill, and the delay in the release of a crucial over 1 billion U.S. dollar on Monday during the intraday trade in the interbank market, according to the State Bank of Pakistan (SBP).ĭuring the intraday trading, the rupee fell to as low as 232, but it closed at 229.88, losing 0.66 percent against the U.S. ISLAMABAD, July 26 (Xinhua) - The Pakistani rupee hit an all-time low against the U.S. dollar, according to the figures released by the State Bank of Pakistan, adding that the rupee closed at 228.37 on Friday last week.
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(Str/Xinhua)ĭuring the intraday trading, the rupee fell to as low as 232, but it closed at 229.88, losing 0.66 percent against the U.S. dollars at a shop in southern Pakistani port city of Karachi on April 7, 2022.