Pakistani Rupee Dropped to Rs. 230 Against U.S Dollars

Dollar Rate in Pakistan

 

On Thursday, the interbank market saw the Pakistani rupee fall to another record low of Rs230 versus the US dollar. This ongoing fluctuation of dollar rate in Pakistan has raised a few eyebrows among audience.

According to the Foreign Exchange Association of Pakistan, the local currency fell by Rs5.08 to 230 when the session started today (FAP).

Additionally, during the last week, the dollar rate had increased against over 40 currencies, including the British pound and the Japanese yen, which had an impact on the rupee in the domestic market.