Rupee registers back-to-back losses against US dollar – SUCH TV

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The Pakistani rupee fell for the eighth consecutive day on Tuesday against the US dollar, owing to the unstable political situation and a higher debt profile of the country.

As the early trading began on Tuesday, the value of rupee incurred depreciation consecutively against the greenback as it fell down further by 34 paisas to Rs224 in the interbank market.

On Monday, the interbank market saw the rupee extending losses by 49 paisas to drop to Rs223.66 during trading at the beginning of the week.

By contrast, on Friday, the US dollar closed the week trading at a value of Rs223.17.

The not so great winning streak of the rupee against the US dollar was snapped on the last trading day of the second week of November and since then, it has lost around Rs2.42 in its value in the interbank market.

 



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