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Rupee extends losses towards US greenback

by Pakistan Latest News Update

The Pakistani rupee fell by Rs2.99 towards the US greenback throughout interbank commerce on Wednesday, extending its losses from the day past.

The native forex was altering fingers at Rs294.50 towards the dollar at round 12:24pm, based on information from the Alternate Corporations Affiliation of Pakistan (ECAP).
Within the open market, the greenback was being traded for Rs303.50.
Yesterday, the rupee had closed at 291.51 towards the greenback, based on State Financial institution of Pakistan’s (SBP) every day replace.
Yesterday, the finance division hiked the costs of petrol and diesel to a document Rs290.45 per litre and 293.40, respectively. It had stated the costs of the 2 key fuels had been raised as a result of petroleum costs within the worldwide market had elevated over the past fortnight.

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