US dollar reaches Rs 302 in interbank market

Rupee’s depreciation against dollar continues

KARACHI: On Monday, the US dollar reached a historic peak against the rapidly depreciating Pakistani rupee, establishing a new record in the interbank market.

Amidst ongoing economic instability and political uncertainty, the Pakistani rupee plummeted to an unprecedented low, breaching the significant milestone of 300 rupees, and ultimately settling at an all-time high of 302 rupees.

In the open market, the dollar’s value also surged to 319 rupees.

This upward surge in the dollar’s value signals the persistent trend of rupee devaluation, setting a challenging tone for the upcoming week.

The escalation of the US dollar’s value in comparison to the Pakistani rupee demonstrated no indications of slowing down.



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