US dollar thrashes Pakistani Rupee, reaches all time-high at Rs200.93

The US dollar broke all previous records in terms of its price against the Pak Rupee in the interbank market on Monday as it closed on an all-time high rate of Rs200. 93 after an increase by 79 paisas, reported 24NewsHD TV channel.   

Experts say ever since the coalition government has taken over, the dollar’s price has soared by Rs18; an unprecedented increase in just over 40 days. 

Interbank closing #ExchangeRate for todayhttps://t.co/kSlE4CqIYJ pic.twitter.com/CiDOHDYmJk

— SBP (@StateBank_Pak) May 23, 2022

On April 11, 2022, the first working day of the new government, its price stood at Rs182.93, they say, and add that rise in dollar’s rate has led to an increase in import expenditures, which, in all likelihood, will send the prices of different items soaring in days to come.     

It is pertinent to mention here that the State Bank of Pakistan reserves after the decrease by $140.5 has now reached $10.16 billion.   

Interbank closing #ExchangeRate for todayhttps://t.co/lB20zSWTJX pic.twitter.com/BW8t3EoLGw

— SBP (@StateBank_Pak) May 20, 2022

Reporter: Ashraf Khan