HomeNewsNewsPakistani rupee’s depreciation against US dollar continues

Pakistani rupee’s depreciation against US dollar continues

A trader counts Pakistani rupee notes at a currency exchange booth in Peshawar, Pakistan December 3, 2018. — Reuters/File

KARACHI: The Pakistani rupee continued its downward slide against the US dollar as it depreciated over 56 paisas in the interbank market during early morning trading on Wednesday.

The local currency was then trading at Rs205.60. 

According to the State Bank of Pakistan (SBP), the currency closed at Rs205.16 on Tuesday.

Meanwhile, the Pakistan Stock Exchange (PSX) started in the green as the benchmark KSE-100 index recorded an increase of 439.39 points or 1.07% to reach 41,494.07 points as of 11am. 

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