{"id":282457,"date":"2022-09-10T08:30:36","date_gmt":"2022-09-10T03:30:36","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=282457"},"modified":"2022-09-10T08:30:36","modified_gmt":"2022-09-10T03:30:36","slug":"us-dollar-hammers-pakistani-rupee-again-scores-massive-gain","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/us-dollar-hammers-pakistani-rupee-again-scores-massive-gain\/","title":{"rendered":"US dollar hammers Pakistani rupee again, scores massive gain"},"content":{"rendered":"<p>ISLAMABAD<br \/>\nThe US dollar seemed to remain persistent in its upward swing keeping the Pakistani rupee pressured under its might as the greenback has appreciated by a massive Rs2.76 in interbank trading.<br \/>\nSharing the money market data, the forex dealers informed that towards the close the US currency moved up and exchanged at Rs228.18, up by an imposing Rs2.76 during interbank trading on Friday.<br \/>\nEarlier during the morning trading activity, the US rate was even higher at Rs229 by 11am, up by Rs3.58 as compared to yesterday\u2019s close of Rs225.42.<br \/>\nThe Pakistani currency is constantly shedding its value since the start of this week as the US dollar has gained Rs9.20 during the current week.<br \/>\nThough the country\u2019s foreign reserves held by the State Bank of Pakistan rose to $8 billion with the disbursement of $1.16 billion from the IMF, the local unit still continues to slide.<br \/>\nThe rupee is under pressure because of numerous factors including shortage of dollars in market due to the UAE law for Pakistani travelers asking them to carry 5,000 UAE dirhams, government expenditure on the import of material\/products in the wake of large-scale destruction wreaked by the recent floods, and on top of that the forthcoming debt servicing worth billions of rupees.<br \/>\nBesides these, the US dollar was rallying all across the world. However, the USD dominance took a breather and on Friday as the Euro gained on the outsized rate hike from the European Central Bank.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD The US dollar seemed to remain persistent in its upward swing keeping the Pakistani rupee pressured under its might as the greenback has appreciated by a massive Rs2.76 in interbank trading. Sharing the money market data, the forex dealers informed that towards the close the US currency moved up and exchanged at Rs228.18, up [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-282457","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-top-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>US dollar hammers Pakistani rupee again, scores massive gain<\/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\/us-dollar-hammers-pakistani-rupee-again-scores-massive-gain\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US dollar hammers Pakistani rupee again, scores massive gain\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD The US dollar seemed to remain persistent in its upward swing keeping the Pakistani rupee pressured under its might as the greenback has appreciated by a massive Rs2.76 in interbank trading. Sharing the money market data, the forex dealers informed that towards the close the US currency moved up and exchanged at Rs228.18, up [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/us-dollar-hammers-pakistani-rupee-again-scores-massive-gain\/\" \/>\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=\"2022-09-10T03:30:36+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\" 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