The value of the US dollar once again increased in the interbank market as the Pakistani currency depreciated by 10% on Thursday.
According to the State Bank of Pakistan, the greenback surged by 18 paisas and traded at Rs176.92.
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The US dollar jumped to an all-time high of Rs178.24 in the interbank market and a peak of Rs180.30 in the open market on December 29, 2021.
In the open market, the greenback surged by 40 paisas and was selling at Rs179.20 on Thursday.
Here are the open market rates of major currencies on January 6, 2022
| Currency | Buying | Selling |
| USD | 178.70 | 179.20 |
| Saudi Riyal | 47.00 | 47.50 |
| UAE Dirham | 49.00 | 50.00 |
| UK Pound | 238.50 | 241.00 |
| Euro | 199.00 | 201.00 |
| Japanese Yen | 1.50 | 1.52 |
| AUD | 125.50 | 127.00 |
| CAD | 137.50 | 139.00 |
| Chinese Yuan | 27.00 | 28.00 |
In December, the Pakistani currency recorded a drop of Rs2.98, breaking all records each day.
It was being expected that loan amounts from Saudi Arabia and Asian Development Bank would ease the pressure on the currency. However, the rupee has been extremely volatile amid the widening trade deficit.
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