USD to PKR: Rupee slides against dollar, day after comeback in interbank

KARACHI – Pakistani rupee comes under pressure against the US dollar, as it moved down by 0.7 percent during the early hours of trading in the inter-bank market on Wednesday.

During the intra-day trading, the local currency dropped by Rs2.01, and was being quoted at 277.45.

On Tuesday, PKR made a surprising comeback against the greenback, moving over Rs11 in light of an agreement signed with the International Monetary Fund (IMF).

More to follow…

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