The Pakistani rupee continued its losing streak on the second consecutive day against the US dollar in the interbank and open markets as clouds of uncertainty hangover the revival of the IMF deal.
second consecutive day against the US dollar in the interbank and open markets as clouds of uncertainty hang over the revival of the IMF deal.
On the interbank market, the rupee fell by 0.24% versus the dollar, ending the day at Rs282.29 as opposed to Rs281.61 on Friday, when it fell by 0.30%.
According to reports, Pakistan was not put on the IMF’s agenda until March 31. This development has caused investors to express negative opinions.
Meanwhile, the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) data shows the price of gold (24 carats) increased by Rs2,300 per tola and Rs1,972 per 10 grams to reach Rs201,500 and Rs172,754, respectively.