KARACHI: The rupee hit another record low of 228.37 against the dollar on Friday in the interbank market amid analysts’ calls for the central bank’s intervention.

The rupee depreciated 0.68 per cent on a day-on-day basis, according to the State Bank of Pakistan.

The decline in the rupee’s value is in continuation of its free fall against the dollar that’s been witnessed throughout this week, according to a Dawn.com report.

The greenback added another Rs2 to close at Rs230 in the open market trading.

According to the SBP data, the exchange rate rose to 215.2 on Monday, moved up to Rs222 on Tuesday, surpassed the Rs224 mark on Wednesday and reached Rs226.81 on Thursday.

Published in Dawn, July 23rd, 2022