Rupee registers marginal fall against US dollar

Pakistan’s rupee weakened marginally against the US dollar, depreciating 0.02% in the inter-bank market on Wednesday.

As per the State Bank of Pakistan (SBP), the rupee closed at 176.22 after a day-on-day depreciation of 4 paisas or 0.02%. The decline comes after the currency registered a fall of 0.15% on Tuesday.

Despite the back-to-back losses, the currency has still recovered nearly 1.1% after touching its all-time low of Rs178.24 on December 29, 2021.