ISLAMABAD: Reacting to the recent political turmoil amid the arrest of Imran Khan, Pakistani currency, after losing over Rs 5 yesterday, continued the losing spree on Thursday with another major blow while losing Rs 8.71 against the American dollar to witness an all-time low. After further devaluation, the Pakistani rupee closed at Rs 298.93 compared to Rs 290.22 the previous day.
Buying and selling rates of the American Dollar in the open market were recorded at Rs 302 and Rs 305, respectively, as reported by the Forex Association of Pakistan. This is for the first time in the history of Pakistan that the US Dollar crossed the 300 benchmark against the local currency.
Pak Rupee Against Euro, Pound, Riyal and Others
Like the US dollar, other currencies reacted to the Pakistani rupee with the same intensity. Price of the Euro went up by Rs8.89 to close at Rs326.85 against Rs 317.96 on the last day, as per reports received from the State Bank of Pakistan (SBP).
The Japanese Yen increased 07 paisas to close at Rs 2.21, while the British Pound was also completed with an upward trend with a raised of Rs10.06 and was traded at Rs376.32 as compared to its last day’s closing of Rs366.26.
The exchange rate of the Saudi Riyal and Emirates Dirham went up by Rs2.32 and Rs2.37 and to close at Rs79.70 and Rs81.40, respectively.
