Pakistan’s Rupee remains under pressure from US dollar in interbank market

Pakistan’s Rupee remains under pressure from US dollar in interbank market

KARACHI – Pakistani rupee continues to remain under pressure against the USdollar, moving down by Rs0.15 during the opening hours on the first workingday of the week.

During intra-day banking, the local currency was traded at 286.60, with amarginal loss of Re0.15.

Last week, the embattled rupee bounced back after back-to-back losses asState Bank allowed Exchange Companies (ECs) to import greenback in cashagainst the value of their export consignments through reputed cargo orsecurity companies.