US Dollar Sheds PKR1.52 on SBP’s Intervention

After the intervention of the State Bank of Pakistan (SBP), US dollar has depreciated Rs.1.52 paisas against the Pakistani rupee in the interbank trading on Thursday.

The greenback is currently being traded at 167.60. The USD had been flying high against the Pakistani rupee but today, after intervention by the central bank, it has come down.

The value of the US dollar soared by Rs16.67 during the last four months.

The Pakistani rupee had touched an all-time low of 168.43 against the greenback last year in August before recouping some losses to hit a 22-month high of Rs152.95 in April 2021.

The local unit rose by 6.2 percent or Rs10.51 against the US dollar in the currency market during the fiscal year 2020-21 that ended on June 30.