The Pakistani rupee continued to nosedive towards the US greenback on Monday within the interbank market because the latter elevated to Rs238.
The rupee misplaced round Rs1.16 in worth because it slid from Rs236.84 to Rs238, the extent at which the greenback stood when the interbank market had closed on Friday.
Thus far this month, the greenback has gained round Rs18.44.
Within the open foreign money market, the greenback continued to behave as per black market guidelines with its worth exceeding Rs242.
The buck has soared for the twelfth consecutive day in a row with its worth taking pictures up by Rs19.
Pakistan’s exterior debt has elevated by Rs2 trillion on account of the rise within the worth of the greenback.
Based on the foreign money sellers, meals imports of $1 billion have brought on a lift within the demand for {dollars}.
Even the IMF program’s restoration was unable to decrease the worth of the greenback.
