Karachi: The Pakistani rupee suffered continuous depreciation against the US dollar which set new record levels throughout both interbank and open markets on January 31, 2025. The dollar exchanged for Rs. 278.70 purchasing and Rs. 279.20 for trading in the interbank market. The open market saw the dollar value increase to Rs. 279.50 for buying and Rs. 281.00 for selling during the same period.
The dollar’s recent dramatic appreciation rate alarms economic experts and business organizations since it will cause additional inflation pressure and higher import costs. The depreciating rupee value has led to increased prices for essential items which adds more stress to the already strained household living costs.
