Tag: Decline

PKR plunges by Rs4.5 in interbank market

The Pakistani rupee’s value declined sharply in the interbank market on Wednesday, with the local currency trading at Rs265 per dollar around 1pm, according to data shared by the Exchange Companies Association of Pakistan (Ecap). This equates to a depreciation of 1.72 per cent from yesterday’s close of Rs261.5 a dollar. Ecap Secretary General Zafar …