Pakistani Rupee lost 39 paisas against the US Dollar in the interbankmarket today. PKR closed at Rs. 159.81 against the greenback on Tuesday, ascompared to Rs. 159.42 on Monday.

The Rupee, on Monday, saw a moderate gain of 4 paisas against the USD afterbouncing back to the Rs. 159 level last week, having crossed Rs. 160 duringthe same week.

Around the turn of the week, experts believe that in the coming sessions,the rupee will stay close to similar levels as last week. Analysts expectthe rupee to trade in the range of 159 and 161 in the near-term, but thelocal currency may fluctuate due to several reasons.

For starters, the currency moves are likely to be affected by the secondwave of the coronavirus pandemic. The virus surge and its impact onexports, remittances, and demand will determine the future course of theexchange rate. The rupee may face downside pressure if the macroeconomicfundamentals deteriorate owing to the spread of the outbreak.

Other factors, such as fiscal reforms, uninterrupted flow of liquidity, mayalso contribute to the volatility of PKR against USD. IMF and FATF can alsoimpact the exchange rate movement.