Pakistani rupee falls to all-time low vs US dollar, UAE dirham

Pakistani rupee falls to all-time low vs US dollar, UAE dirham

Data from xe.com showed that the rupee plummeted to an all-time low of 45.6 against the UAE dirham or 167.35 versus the US dollar.. In Pakistan, the United States dollar continued its climb against the rupee on Thursday, closing at an all-time high of Rs167 in the interbank market, according to rates provided by the Exchange Companies Association of Pakistan.. Compared to the opening value of Rs162.5, the dollar rose by Rs4.5, which translates into an increase of 2.77 per cent.. The rates provided by the State Bank of Pakistan's ready counter showed the greenback at Rs166.1, up from the opening value of Rs161.6 - again, a jump of Rs4.5.. The open market witnessed no change as the dollar held steady at Rs160 but that is largely because the exchange companies were mostly closed due the ongoing lockdown.. Due to this, exchange companies haven't been able to supply cash to the interbank market, which has also put the rupee under strain, he added..