Rupee weakens against US dollar: KARACHI: The Pakistani rupee diminished 11 paisas against the United States (United States) dollar in the interbank currency market at the beginning of week’s trading on Monday.
According to the State Financial Institution of Pakistan (SBP), the neighborhood currency shut at 152.93 against the cash, registering devaluation of 11 paisas over the previous close of Rs152.82.
Last week, the Pakistani rupee enhance by 12 paisas against the USA (US) dollar in the interbank money market on a week-on-week basis. Outdoors market, nevertheless, the rupee appreciated 30 paisas to 153 against the US buck.
It has gotten substantial ground on the back of enhanced fx books, bank account excess, international loan receipts, higher remittances besides less demand of buck because of the continuous pandemic.