KARACHI: Pakistani rupee on Tuesday registered losses against the US dollar, depreciating 0.09 percent in the interbank market.
As per the State Bank of Pakistan (SBP), the rupee closed at 224.11 after a decrease of Rs0.20. The rupee has depreciated by 21.24% against the US dollar during the ongoing calendar year.
Interbank closing #ExchangeRate for todayhttps://t.co/9Y7DZgdR6C pic.twitter.com/cHvuBPx0DD
— SBP (@StateBank_Pak) December 6, 2022
On Monday, the rupee had sustained minor losses against the US dollar to settle at 223.91 after a decrease of Rs0.22 or 0.10%.
In a key development, Minister of State for Petroleum Musaddik Malik announced on Monday that his recent visit to Russia was successful as the energy giant agreed to supply both crude and refined petrol, diesel, and LNG at discounted rates, especially when the world was witnessing a shortage and high premier on diesel.
The development is positive for a net oil-importing country like Pakistan, which faces dwindling foreign exchange reserves and debt burden.
