Rupee weakens in foreign exchange market against dollar

The closing rate of the U.S. dollar on Friday in the foreign exchange market stood at Rs168.08 marking a -0.21% depreciation of the local currency compared to yesterday charts.

https://twitter.com/StateBank_Pak/status/1436274608555053070

A noteworthy mention is when the Pakistan rupee peaked at 152.95 in April 2021 after a 22-month slump.

In early September 2021, the Pakistani rupee became the worst performing forex in Asian currencies as it fell to a 13-month low against the US dollar due to a huge uptick in demand for dollars to make payments for burgeoning imports.