Karachi (HRNW) The rupee bottomed out against the US dollar on Tuesday, falling in interbank trading on Tuesday to close the day at an unprecedented Rs221.99.
Per data shared by the State Bank of Pakistan (SBP) on Tuesday, the rupee lost Rs6.79 against the US dollar.
The rupee lost over 3% in a single trading day, according to the SBP.
This was still not as high a single-day loss as the one on March 26, 2020. On that day, when the dollar jumped Rs7 in a single day from Rs160.0 on March 25 to Rs167.6 on March 26.
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