Pakistan Rupee
Pakistani rupee continues to fall against US Dollar
Islamabad: The Pakistani Rupee continued to fall against the US Dollar and remained under pressure in the interbank market due to wide-ranging factors on Friday.
Following its week-long depreciation trend, the rupee closed at 220.6 against the dollar after losing 1.25 or 0.57 percent, up from yesterday's close of 219.41, reports Geo News.
Cumulatively, the local unit lost 6.01 against the greenback during the week ended August 26 as it depreciated in all five trading sessions.
Analysts and experts have told the news channel that the rupee will continue to slide till the International Monetary Fund (IMF) disburses Pakistan's $1.17 billion tranche in its executive board meeting on August 29.
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