Rupee Depreciation Continues, Greenback Hits Historic Stage of Rs 301 – Pakistan

The devaluation of the rupee couldn’t cease within the foreign money market.

For the primary time in historical past, the greenback within the interbank market reached the historic stage of 301 rupees and within the open market, the greenback reached the historic stage of 316 rupees.

Based on the State Financial institution of Pakistan, on the final day of the enterprise week, the worth of the greenback elevated by 78 paise extra and the greenback closed at Rs 301 for the primary time in historical past.

Then again, in accordance with the sellers, within the open market, the greenback turned costly by 1 rupee and reached the historic stage of 316 rupees.

It must be famous that in simply two weeks of the caretaker authorities, the greenback rose by 13 rupees within the interbank market, whereas the worth elevated by 20 rupees within the open market.