KARACHI: Rally in oil prices worsened the position of Pakistan’s currency as the rupee dropped below 178 against the US dollar, depreciating 0.35% in the inter-bank market on Monday.
As per the State Bank of Pakistan (SBP), the rupee closed at 178.13 after a day-on-day appreciation of 63 paisas or 0.35%. This is the second-lowest closing level of the rupee in the inter-bank. Last year on December 29, the PKR closed at 178.24 against the USD, which remains its lowest closing level.
