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Pakistani rupee loses further ground against US dollar

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Web Desk

ISLAMABAD: The Pakistani rupee continues its downward trend against the United States (US) dollar in the interbank market on third consecutive trading session.

According to the central bank, the rupee lost Rs 1.84 against the greenback to close at Rs283.38 in the interbank.

In the open market, the US dollar is being sold at Rs292.50, said forex dealers.

On Monday, the rupee had registered back-to-back losses against the dollar to depreciate 0.31% to settle at 287.54.

Read more: Govt slashes petrol price by Rs9 per litre after rupee makes gains against dollar

Experts attributed the rise in US dollar value to demand- supply pressure in the market.

Web Desk

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