The Pakistani Rupee (PKR) has continued its downward trajectory for thethird day in a row as it went down by Rs. 40 paisas against the US Dollar(USD).——————————

The PKR closed at Rs. 154.78 to the USD at the end of the trading day today(Wednesday, 26 May), as compared to Rs. 154.37 to the USD on Tuesday (25May).

The GDP projections that have been making headlines might have signaled aposition of strength for the PKR in the international currency market, buttoday’s movements turned out to be different.

Regarding this, the former Treasury Head at Chase Manhattan Bank, AsadRizvi, said earlier in the day, “Today, [the] Rupee is expected to openwith a weaker tone around 154 levels against yesterday’s SBP close of154.6982”.