The rupee fell by 0.89 percent to Rs225.42 per dollar at the end of the day. The dollar gained Rs2 against the rupee in the last session as well. FAP Chairman Malik Bostan said that the dollar was getting stronger around the world.
He said that the dollar had been getting stronger against 40 currencies for weeks and that this was also happening in Pakistan’s currency market.
Interbank closing #ExchangeRate for todayhttps://t.co/2Du2tsBV8B pic.twitter.com/qe8drDCtN1
— SBP (@StateBank_Pak) September 8, 2022
Bostan said that the rupee was Rs8 more expensive on the open market and asked the government to do something about this. “The government should use its diplomatic connections to stop the UAE government from making travellers from Pakistan carry 5,000 dirhams in cash,” he said.
He went on to say that the pressure on the rupee would be eased and its value would be more stable if the $4 billion promised by friendly countries came to Pakistan right away.
