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HomeNewsIn the open market, PKR drops to a historic low of 250

In the open market, PKR drops to a historic low of 250

Dollar Rate in Pakistan – According to information provided by the Forex Association of Pakistan, the rupee reached an all-time low on Friday, trading as high as 250 to the dollar (FAP).

According to a handout issued by FAP, the rupee was trading at 250 against the dollar at 1:10 pm, before slightly strengthening to reach 247 at 4:20 pm.

The local currency did, however, make modest gains in the interbank market after nearly two weeks of uninterrupted sessions of fall.

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The rupee increased by Rs0.57, or 0.24 percent, from yesterday to close at 239.37 in the interbank market, according to the State Bank of Pakistan (SBP).

Dollar Rate in Pakistan

The rupee, however, finished at 240 on the interbank market, according to the FAP statement.

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