Pakistani rupee continues to show a downward trend against US dollar

Author: webdesk

KARACHI: Making a new low on another day, the Pakistani rupee on Tuesday sank to a lifetime low of 182.33 against the United States (US) dollar in the interbank market.

According to forex dealers, the value of the greenback surged by 14 paisa to trade at Rs182.33 in the interbank market during early trading, hitting an all-time high.

In the open market, the US dollar is trading at Rs182.80 against the rupee.

Read more: OVER 60PC BANK LOANS GIVEN TO TEXTILE SECTOR, BUSINESSES: SBP GOVERNOR

On Monday, the domestic unit ended at Rs182.19 to the dollar in the interbank market.

Experts say political chaos in the country and uncertainty surrounding the seventh review of the $6 billion International Monetary Fund (IMF) loan programme are keeping the rupee under pressure.

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