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Monday, April 29, 2024  
20 Shawwal 1445  

US dollar hits triple-century against Pakistani rupee

Greenback at all-time high of Rs300 in interbank
A trader counts U.S. dollar banknotes at a currency exchange booth in Peshawar, Pakistan January 25, 2023. Reuters
A trader counts U.S. dollar banknotes at a currency exchange booth in Peshawar, Pakistan January 25, 2023. Reuters

The Pakistani rupee continues to depreciate vis-a-vis the US dollar. The greenback on Thursday hit an all-time high of Rs300 in interbank.

Following the appreciation of Rs0.37, the US dollar completed its ‘triple-century’ in interbank, as many TV channels would put it using cricket jargon.

A day earlier, the US dollar reached Rs312 in the open market after it recorded a significant increase of Rs6 while the inter-bank market managed to keep the dollar below the Rs300 mark.

The greenback was trading at Rs299.01 at the closing of the interbank the previous day.

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