Under Shehbaz govt, PKR depreciated by Rs56 against US dollar: ReportBreaking

September 24, 2022

The Pakistani rupee declined by Rs56.72 against the United States (US) dollar in the first six months of Prime Minister Shehbaz Sharif-led coalition government. According to a report by currency dealers, the rupee witnessed massive depreciation from Rs 178 against the US dollar in April 2022 to Rs 239.65 in September 2022, a decline of Rs56.72 over the past 6 months. The rupee hit an all-time low of 239.94 on July 28, 2022. The Pakistani rupee weakened by Rs8.66 against the United States (US) dollar in the interbank currency market in previous week. Mwanwhile, rupee finally ended its 15-session depreciation run against the US dollar, and closed with a marginal gain of 0.03% in the inter-bank market on Friday.

Credit: Independent News Pakistan-INP