KARACHI – The Pakistani rupee continued its losing streak on secondconsecutive day against the US dollar in the interbank and open markets asclouds of uncertainty hangover the revival of the IMF deal.
The local currency depreciated by 0.24% against the greenback in theinterbank market, settling at Rs282.29 as compared to Friday’s Rs281.61when it witnessed a decline of 0.30%.
Reports said the Pakistan was not included in the IMF’s agenda till March31, a development that has also sparked negative sentiments among theinvestors.
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Meanwhile, the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA)data shows the price of gold (24 carats) increased by Rs2,300 per tola andRs1,972 per 10 grams to reach Rs201,500 and Rs172,754, respectively
