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Pakistani Rupee bounces back against US Dollar after historic depreciationBreaking

May 12, 2023

After US Dollar skyrocketed against Pakistani Rupee in interbank and open market trading on Thursday, the local unit gained record Rs13.86 against American currency and reached Rs285 on Friday. The new price of the greenback reached Rs286 in comparison to Rs299 after a whooping decrease of Rs12 in interbank trading. Dollar reaches all-time high For first time in the history of forex trading in country, the American currency crossed Rs300 mark and reached Rs301 against local unit. It is pertinent to note that US Dollar thrashed Pakistani Rupee in the interbank treading and reached Rs290 on Wednesday which was the all time high in the trading history of the greenback, after a jump of Rs3.66 and later Rs5.16 amid the political instability.

Credit: Independent News Pakistan-INP