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Rupee registers back-to-back losses in opposition to US greenback

by Pakistan Latest News Update
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The Pakistani rupee fell for the eighth consecutive day on Tuesday in opposition to the US greenback, owing to the unstable political scenario and a better debt profile of the nation.

Because the early buying and selling started on Tuesday, the worth of rupee incurred depreciation consecutively in opposition to the dollar because it fell down additional by 34 paisas to Rs224 within the interbank market.
On Monday, the interbank market noticed the rupee extending losses by 49 paisas to drop to Rs223.66 throughout buying and selling at the start of the week.
Against this, on Friday, the US greenback closed the week buying and selling at a price of Rs223.17.
The not so nice successful streak of the rupee in opposition to the US greenback was snapped on the final buying and selling day of the second week of November and since then, it has misplaced round Rs2.42 in its worth within the interbank market.
 



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