KARACHI: Pakistani rupee on Tuesday ended the session losing 0.08 percent against the US dollar in the interbank market.
As per the State Bank of Pakistan (SBP), the rupee closed at 225.12 after a decline of Rs0.18. The rupee has depreciated by 21.6% against the US dollar during the ongoing calendar year.
Interbank closing #ExchangeRate for todayhttps://t.co/X5nO5miOiO pic.twitter.com/XPvgCc9YzV
— SBP (@StateBank_Pak) December 20, 2022
On Monday, the rupee ended unchanged against the US dollar to settle at 224.94 in the interbank market.
In a significant development, data from the Economic Affairs Division (EAD) revealed that the government has borrowed $5.114 billion from various financing sources, including $1.166 billion from the International Monetary Fund (IMF), during the first five months (July-November) of 2022–23 as opposed to borrowing $4.699 billion during the same period of the previous fiscal year.
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