KARACHI – Pakistani rupee’s freefall against the US dollar continued in theinterbank market on Wednesday as the local currency further depreciated bymore than Rs3.15
The Pakistani rupee registered a decline during the opening hours of thetrading session. During intra-day trading, the rupee was being quoted at265, a decrease of Rs3.15.
The rupee ended its upward trajectory against the greenback on Tuesday,settling at 261.5 after a depreciation of 0.60 percent in the inter-bankmarket.
Read Top Stories
The rupee remained under pressure against the dollar amid ongoing politicalinstability and extended delay in the release of IMF funds. Officialsexpect inflation to remain high in the days to come following a sharp risein energy prices, and an surge in prices of basic commodities.
