The hike of the Pakistani Rupee against the US Dollar has apparently stopped for now, as for the third sequential day, PKR has come down in the exchange rate against the US dollar.
From exchanging at Rs. 159.83 on November 18, PKR lost 78 paisas to trade at Rs. 160.61 to the dollar on November 19, 2020. Yesterday PKR got weak by 1.2 percent within a day based on the high and low trading system with the highest at 158.25 whereas the lowest at 160.10.
The country’s imports are being associated with this sudden and recurring change in the movement of Pakistani rupee against the US dollar. More imports will be promoted by the Temporary Economic Relief Facility (TERF) by the State Bank Of Pakistan which will further lead to the weakening of the rupee against the dollar.
From exchanging at Rs. 159.83 on November 18, PKR lost 78 paisas to trade at Rs. 160.61 to the dollar on November 19, 2020. Yesterday PKR got weak by 1.2 percent within a day based on the high and low trading system with the highest at 158.25 whereas the lowest at 160.10.
The country’s imports are being associated with this sudden and recurring change in the movement of Pakistani rupee against the US dollar. More imports will be promoted by the Temporary Economic Relief Facility (TERF) by the State Bank Of Pakistan which will further lead to the weakening of the rupee against the dollar.
