USD to PKR: Pakistani rupee remains under pressure against dollar in interbank

KARACHI – Pakistani rupee remains under pressure against the US dollar in the inter-bank market as economic uncertainty looms.

During the interbank trading, the local currency registered marginal losses against the greenback, moving down nearly Rs0.32 during the early hours of trading on Tuesday.

Before noon, the embattled rupee hovered at around 287.98, with a decline of Re0.24 percent.

On Monday, rupee faced back-to-back blows against the high-flying dollar, and the currency settled at 287.63 in the interbank.

All eyes are on the revival of IMF bailout funds as resumption of the IMF programme remains stalled since November last year, and the government is making desperate moves to salvage funds.

Today s currency exchange rates in Pakistan – Dollar, Euro, Pound, Riyal rates on June 13, 2023

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