KARACHI: The Pakistani rupee continued to lose ground against the US dollar for the sixth consecutive session, plunging to Rs228.18 interbank trade, ARY News reported on Friday.
According to State Bank of Pakistan (SBP), the Pakistani rupee fell by Rs2.76, depreciating 1.21 percent from yesterday’s close of Rs225.42.
Meanwhile, the greenback was being traded at Rs234 to Rs236 in open market, the forex Association of Pakistan (FAP) said.
Interbank closing #ExchangeRate for todayhttps://t.co/XPxvJI8TpO pic.twitter.com/gVkb2yt1ZN
— SBP (@StateBank_Pak) September 9, 2022
It is pertinent to mention here that the rupee has cumulatively lost around 6.82 against the greenback since this week’s trade began despite receiving a loan tranche of US$1.16 billion from the International Monetary Fund (IMF).
A day earlier, the Pakistani rupee declined by Rs2 against the US dollar in interbank market. According to the data shared by State Bank of Pakistan (SBP), the rupee closed at 225.88 per dollar, having depreciated 0.89 percent.
It is pertinent to mention here that the State Bank of Pakistan confirmed that Pakistan has received a loan tranche of US$1.16 billion from the IMF.
