For the eighth day in a row, the Pakistani rupee decreased versus the US dollar in the interbank market, continuing its downward trend.
The Pakistani rupee decreased to Rs231, according to the Forex Association of Pakistan (FAP), after losing Rs1.18 during intraday trade in the interbank market.
The forex association said, “In the meantime, the currency dealers at the open market continued to offer the domestic currency at Rs236 to Rs238 for one dollar.”
Compared to the recorded rate of Rs218.6 on August 1, 2022, the rupee has collectively lost 5.13 percent (or Rs11.22) in the interbank market over the last seven consecutive working days. On July 28, 2022, the value of the rupee had already reached an all-time low of Rs239.94.