KARACHI – Pakistani rupee suffered a Rs3.62 devaluation against the dollar in interbank trading on Tuesday as uncertainty looms larger.
During intra-bank trading on the first working day of the week, the rupee was quoted at 291.75, moving up by over Rs3 in the inter-bank market.
Last week, the rupee moved down by 0.52pc and settled at 288.49 against the greenback as uncertainty looms over the political crisis in the country.
In open market, dollar again crossed 300-mark as benefits of IMF Stand By Agreement fades away.
The local currency continued down trajectory in recent weeks while inflows seemed to have dried up with forex reserves held by the country’s central bank plunging $110 million on a weekly basis, dropping to $8.04 billion.
Today s currency exchange rates in Pakistan – Dollar, Euro, Pound, Riyal rates on August 15, 2023
