Pakistani Rupee hits all-time low of 237 against US Dollar

Pakistani Rupee Image

KARACHI: The Pakistani rupee lost ground for the seventh sequential meeting on Monday, closing at an untouched high of 237 against the US dollar in the interbank market as bad opinion emerging from Pakistan’s political front continued.


According to data by the State Bank of Pakistan (SBP), the Rupee closed at 237 against the US dollar — surpassing its last record low of 232.93 against the greenback after a fresh decline of Rs4.07 (1.7%).

PKR Graph

Fears have ascended about Pakistan’s stuttering economy as its currency fell almost 8% against the US dollar in the last exchanging week, while the country’s forex saves stand beneath $10 billion with expansion at the most elevated in over 10 years.