EconomyWorld

Rupee closes at above 165 against US Dollar

Pakistan’s rupee falls down and closes to 11 months low of Rs 165 against dollars. According to Arif Habib Limited, it is the lowest rate since last September of 2020. This report came from the state bank of Pakistan last Friday.

“To date in the fiscal year 2021-22, the rupee has depreciated 3.9 percent and 7.1 percent since achieving a recent high of Rs152.28 on May 14, 2021,” it stated.

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