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Pakistan

Rupee weakens by Rs2.38 against greenback in interbank

The local unit depreciated amid delay in issuance of loan by IMF and increasing demand of US dollar for imports

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Rupee weakens by Rs2.38 against greenback in interbank
GNN Media: Representational Photo

Karachi: The rupee fell against the US dollar on Tuesday, depreciating by Rs2.38 in the interbank market.

The State Bank of Pakistan (SBP) said the dollar closed at Rs206.94, up from the previous day's close of Rs204.56, which translates into a depreciation of 1.15 per cent for the rupee.

 

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