{"id":236893,"date":"2022-01-05T09:04:02","date_gmt":"2022-01-05T04:04:02","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=236893"},"modified":"2022-01-05T09:04:02","modified_gmt":"2022-01-05T04:04:02","slug":"pkr-slips-to-176-75-against-usd-in-first-session-of-2022","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/pkr-slips-to-176-75-against-usd-in-first-session-of-2022\/","title":{"rendered":"PKR slips to 176.75 against USD in first session of 2022"},"content":{"rendered":"<p> KARACHI<br \/>\nPakistani rupee depreciated against the US dollar in the first session of 2022 by 24 paisas (-0.14 percent).<br \/>\nThe State Bank of Pakistan said that the dollar opened at Rs176.51 in the interbank market and closed at Rs176.75 on Tuesday. The rupee remained a bit volatile during the session, showing the intraday high bid of 176.75 and low offer of 176.20. Within the open market, the rupee was traded at 178\/179 per dollar.<br \/>\nThe currency experts said that demand for the dollar remained high as the market opened after three days. Moreover, markets in Europe and the United States also opened a day earlier after the Christmas season. This all increased demand for the greenback.<br \/>\nMoreover, the US dollar jumped against its peers in late trading on Monday last amid an upward momentum in US Treasury bond yields. The dollar index, which measures the greenback against six major peers, increased 0.64 percent at 96.2053. The dollar strengthened against yuan, euro, pound, Australian dollar, Japanese yen, Swiss franc, and Canadian dollar.<br \/>\nDespite State Bank of Pakistan\u2019s intervention and the general bias for a strong rupee, the local unit has depreciated by Rs19.32 during the ongoing fiscal year 2021-22 and Rs0.24 in the current calendar year. The local currency weakened by 10.44 percent (Rs16.68) against the dollar during the calendar year 2021.<br \/>\nThe experts warned that trade and current account deficits due to rising import bill are major threats to the rupee\u2019s stability. Further, the decline in the foreign exchange reserves also threatens the rupee stability. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>KARACHI Pakistani rupee depreciated against the US dollar in the first session of 2022 by 24 paisas (-0.14 percent). The State Bank of Pakistan said that the dollar opened at Rs176.51 in the interbank market and closed at Rs176.75 on Tuesday. The rupee remained a bit volatile during the session, showing the intraday high bid [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-236893","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PKR slips to 176.75 against USD in first session of 2022<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/pkr-slips-to-176-75-against-usd-in-first-session-of-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PKR slips to 176.75 against USD in first session of 2022\" \/>\n<meta property=\"og:description\" content=\"KARACHI Pakistani rupee depreciated against the US dollar in the first session of 2022 by 24 paisas (-0.14 percent). The State Bank of Pakistan said that the dollar opened at Rs176.51 in the interbank market and closed at Rs176.75 on Tuesday. The rupee remained a bit volatile during the session, showing the intraday high bid [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/pkr-slips-to-176-75-against-usd-in-first-session-of-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-05T04:04:02+00:00\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:site\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Web Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script 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