Pakistan rupee tumbles to fresh all-time low

20-10-2021 Wed 12:42 IST | IANS | International
Pakistan rupee tumbles to fresh all-time low

New Delhi, Oct 20 : The Pakistani rupee's slide continued against the US dollar in the interbank currency market, ARY News reported.

The Pakistani rupee on Wednesday tumbled to a fresh all-time low at Rs 173.50 against the greenback. The greenback gained 37 paise at the start of the trading day.

On Monday, the rupee closed at Rs 172.72 against the US dollar.

Rising demand for the US dollar is driving up its value despite a number of measures introduced by the State Bank to ease the pressure on the exchange rate.

Earlier, the central bank introduced regulatory measures to enhance transparency in the foreign currency transactions by exchange companies and to curb the undesirable outflow of foreign currency, the report said.

According to guidelines shared by the State Bank of Pakistan, persons travelling to Afghanistan will be allowed to carry only $1,000 per person per visit with a maximum annual limit of $6,000.

Exchange companies will be required to conduct biometric verification for all foreign currency sale transactions equivalent to $500 and above and outward remittances and it would be applicable with effect from October 22.


More News
10 bilateral agreements, show of camaraderie to take centrestage during Putin's visit to Delhi
21 minutes ago
Mahesh Babu has fun on Balakrishna's talk show 'Unstoppable with NBK'
24 minutes ago
BWF World Tour Finals: Sindhu beats Yamaguchi in semis, to face An Seyoung in final
38 minutes ago
IND vs NZ, 2nd Test: India 69/0 in second innings at stumps, lead by 332 runs
40 minutes ago
'RRR' makers set to release theatrical trailer on Dec 9
43 minutes ago
Scientists developing chewing gum that could reduce SARS-CoV-2 transmission
46 minutes ago
Failure To Launch: 'Skylab' bogged down by slow-placed narration
56 minutes ago
'Bigg Boss Telugu 5': Ex-contestants gather online support for Sreerama Chandra
1 hour ago
IND v NZ, 2nd Test: India bundle out New Zealand for 62 after Ajaz Patel takes all 10 wickets
2 hours ago
Balakrishna's 'Akhanda' grosses $500,000 in the US
2 hours ago
Kamal Haasan returns to take over as anchor of 'Bigg Boss Tamil 5'
2 hours ago
Explore mediation, courts should be last resort: CJI to business community
3 hours ago
IND v NZ, 2nd Test: Ajaz Patel claims all-10 wickets, only the third bowler to do so
4 hours ago
'I'm fine', says Kamal Haasan on return from hospital, thanks everyone for wishes
4 hours ago
'Bigg Boss Telugu 5': Sreerama Chandra becomes the first finalist of the season
4 hours ago
Telugu states mourn undivided Andhra's former CM Rosaiah (Ld)
5 hours ago
Omicron concerns: 'Reverse Repo' hike can wait, says SBI Ecowrap
5 hours ago
FB Messenger to test built-in bill splitting feature
5 hours ago
Pakistan hacker attacked govt computer in India to steal credentials
5 hours ago
IND v NZ, 2nd Test: India reach 285/6 at lunch after twin strikes by Ajaz Patel (Ld)
5 hours ago
Makers of 'Pushpa: The Rise' put out trailer tease
5 hours ago
New CEO Parag Agrawal begins restructuring Twitter
6 hours ago
'Adavi Thalli Maata' song brings folk essence to Pawan Kalyan's 'Bheemla Nayak'
6 hours ago
India to field hockey teams at Birmingham Commonwealth Games
7 hours ago
Terrorist attack claims dozens of lives in central Mali
7 hours ago
Former Andhra Pradesh CM Konijeti Rosaiah is no more
8 hours ago
Bengaluru doctor infected with Omicron doing fine
8 hours ago
Android TV app installation via smartphone rolls out to more users
9 hours ago
France announces new travel restrictions
11 hours ago
Row as AIMIM member abstains from 'Vande Mataram' in Bihar Assembly
19 hours ago