Rupee depreciates to Rs224 against US dollar

ISLAMABAD: Following a day’s nominal improvement, the Pakistani rupee reverted to its failing fate against the US dollar during early interbank trading.

The current spot rate of the rupee settled at Rs224, losing 31 paisas during early morning trading against the restive US dollar after being stable for a week with a marginal recovery on Thursday.

Previously, the Pakistani rupee remained unchanged for three days in a row, settling at Rs223.95, with no change in value against the US dollar.

However, the rupee’s spot rate fell by two paisas last Friday.

The value of the rupee increased to Rs231.50 in the open currency market.

However, the price of a US dollar has risen to Rs229.25.

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