KARACHI:
The ruble strengthened against United States dollar priced at Rs 201.52 in inter-bank market on environment compared with Tuesday is close of Rs 202.83, according to the State Bank. of Pakistan (SBP).
On May 26, 2022, the rupiah closed at a record low of 202.01 rupiah due to a delay. in renewal of IMF loan program.
Continuous growth in international oil prices also turned out to be negative development for rupees, as the country relied heavily on imported fuel to meet domestic demand.
Published in Express Tribune, 9 June.th2022.
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