Karachi(June 13, 2018): The US dollar after an increase of 50 paisas is being traded at Rs.120.5 in the interbank market on Wednesday.
Pakistani rupee is continuously being devalued from past 2 days against US Dollar.
Yesterday, the US dollar shot up to Rs121.5 in the interbank market after it closed at Rs119.84 on Monday.
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The dollar has increased by over Rs.15 in the past six months.
According to SBP, despite the continued growth in exports — 13.3 percent in July-April Financial Year (FY) 18 — and some uptick in remittances, growing imports pushed the current account deficit to US$ 14.0 billion during the first ten months of FY18, which is 1.5 times the level of deficit realised during the same period last year.
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