Amid rising financial disaster, Pakistani rupee continued to lose floor in opposition to the US greenback on Wednesday, for the seventeenth consecutive day, shedding 35 paisas to Rs226.50 within the interbank market throughout buying and selling.
The traded worth of the rupee on Tuesday settled at Rs226.15, declining by 0.15% in opposition to the US greenback.
Earlier on Monday, the rupee started the enterprise week depreciating by 18 paisas to Rs225.82.
Nonetheless, on Friday, the rupee was buying and selling at Rs225.64 in opposition to the US greenback, down roughly 0.09% from the earlier session.
The federal finance minister Ishaq Dar on Wednesday mentioned that the depreciation within the worth of the Pakistani rupee has additionally precipitated the rate of interest to go up.
Within the open forex market on Wednesday, the worth of a single US greenback has elevated to Rs235.50.