Dollar to pakistani rupee free#

“Uncertain political situation, rising current account deficit and depleting foreign exchange reserves are the prime reasons behind the free fall of the rupee against the greenback,” he said, mentioning that suspension of the International Monetary Fund (IMF) programme has also raised concerns among investors. Speaking to Geo.tv, former finance minister Dr Hafiz Pasha said that the Pakistan currency is under double pressure - economic and political. Read more: SBP allows banks to raise credit limit of OMCs to facilitate oil imports The rupee has continued a non-stop downward streak for the 17th successive working day, except on March 24 when it closed flat compared to the previous day’s closing as investors worried about the political situation and economy, adding pressure on the central bank to rescue the falling currency. The local currency closed at Rs188.18 in the interbank market, down Rs2.05, or 1.09%, from Wednesday’s close of Rs186.13. KARACHI: The Pakistani rupee surpassed all records on Thursday, selling at above Rs189 against the dollar in the interbank market during intra-day trading, to continue down a slide that has seen it lose more than 10% since March 4 in the wake of the deepening political crisis in the country.

SBP remains silent over current exchange rate situation.

Recent round of depreciation emerges as political crisis deepens in country.

Rupee closes at Rs188.18 in the interbank market, down Rs2.05 from previous day's close of Rs186.13.

A currency dealer exchanging Rs1,000 and Rs5,000 notes.