Pakistani rupee records sharp drop in early trading vs dollar

Reuters Images

he rupee closed at 230.40 to the dollar on Wednesday

Ariba Shahid, Reuters News

January 26, 2023

PHOTO

KARACHI - The Pakistani rupee dropped about 1.8% in early trading on Thursday against the U.S. dollar in official bank exchange rates, according to trade data and investment houses, a day after it fell over 1% in the open market.

The rupee closed at 230.40 to the dollar on Wednesday in the interbank official rate, and slipped to 235 rupees early on Thursday when the market reopened.

(Reporting by Ariba Shahid in Karachi, Pakistan; Editing by Muralikumar Anantharaman)

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.