KARACHI: Pakistani rupee on Tuesday ended the first session of the year with a marginal loss against the US dollar, depreciating 0.35 percent in the interbank market.
As per the State Bank of Pakistan (SBP), the rupee closed at 226.94 after a fall of Rs0.51 or 0.22% against the greenback.
Interbank closing #ExchangeRate for todayhttps://t.co/P1d962EV1r pic.twitter.com/Di8tmCmMsA
— SBP (@StateBank_Pak) January 3, 2023
During the previous week, the rupee registered a cumulative depreciation of 0.35 percent against the US dollar in the interbank market. The local currency closed at 226.43 against the greenback, taking total depreciation to 22% during 2022.
Moreover, the National Security Committee (NSC) on Monday agreed on undertaking concrete steps including import rationalization as well as preventing illegal currency outflows and Hawala business.
Meanwhile, the Consumer Price Index (CPI)-based inflation clocked in at 24.5% in December on a year-on-year (YoY) basis, showed data released by the Pakistan Bureau of Statistics (PBS) on Monday.
