Pakistani Rupee falls by Re1 against dollar in interbank

On Friday, the Pakistani rupee continued to fall against the dollar for the third consecutive session, losing Re1 during morning trade in the interbank market.

The local currency was changing hands at Rs222.5 per dollar at 11:35am, a depreciation of 0.45 per cent from yesterday’s close of Rs221.5, data shared by the Forex Association of Pakistan (FAP) showed.

PKR’s value has declined by Rs16.64 or 7.52pc since the start of current fiscal year, according to data compiled by Mettis Global.

Head of Research at Tresmark, Komal Mansoor, said the PTI’s long march set to begin today had “dampened sentiments once again” due to which the rupee’s value was falling.