US dollar hammers Pakistani rupee, climbs to new historic high
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The US dollar leapt forward on Thursday to an all-time historic high against the spineless Pakistani currency in the interbank trading, reported 24NewsHD TV channel.
The greenback started to take big strides as the business commenced, straight away shooting up by 84 paisas and smashing through the Rs183 barrier.
The US dollar ended the business at Rs183.48, a new historic high, after gaining 84 paisas.
Interbank closing #ExchangeRate for todayhttps://t.co/A8zUFAVNBG pic.twitter.com/JFWnKpSV8n
— SBP (@StateBank_Pak) March 31, 2022
On Wednesday, the US dollar ended the day at Rs182.64.
According to economic experts, the US dollar has gained over six rupees in value during the last four weeks.
They opined that the uncertain political situation prevailing in the country was the mains reason for the mounting pressure on the Pakistan rupee.
They feared negative impact of the rupee depreciation on the economy.
Reporter Ashraf Khan