KARACHI – The US Dollar on Friday had registered an increase of 10 paisain open market after which green side was trading at Rs138.85.
Following a 10 paisa increase in the open market, dollar was traded at Rs138.85.
On the other hand, the value of Pakistani Rupee has depreciated by around26 percent over the year, as the greenback strengthened by Rs28.36, fromRs110.5 per USD on January 1, 2018 to Rs138.8.
The heaviest round of depreciation occurred in October when the greenbackgained over PKR 9 at the interbank market, taking a leap from Rs124.3 USDto Rs133.6 per USD.
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The rupee had plunged to a historical low on occasion of government’sannouncement to approach the International Monetary Fund (IMF) for abailout, given that at least 15 percent currency devaluation wasrecommended by the IMF.
