November 4, 2022/
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Depreciation comes as US greenback strengthens towards different currencies after Federal Reserve’s resolution to hike coverage fee by 75 foundation factors Pakistan’s rupee registered back-to-back losses towards the US greenback on Thursday, and declined 0.23% within the inter-bank market, because the buck rose towards different currencies after the Federal Reserve delivered one other steep rate of interest improve final evening. As per the State Financial institution of Pakistan (SBP), the rupee closed at 221.95 after a depreciation of Re0.52. On Wednesday, rupee had settled at 221.43 after…
