KARACHI – Pakistani rupee continues to remain under pressure against the US dollar in the inter-bank market.
During the early hours of trading on Wednesday, the local currency was being traded at 288, with a drop of Rs0.46.
Earlier this week, the embattled rupee plunged further to settle at 287.54 in the inter-bank market, however the situation in the open market was not the same.
Money market was expecting a revival of rupee after IMF bailout, however rupee remained under pressure amid huge demand for greenback as the government ended all restrictions on imports under IMF plan.
More to follow…
