KARACHI: As the nation continues to experience an economic damage brought on by severe flooding, the Pakistani rupee continued to depreciate against the US dollar on Friday for the sixth consecutive session.
The local unit dropped in value from yesterday’s closure of 225.42, when it lost Rs2, to today’s close of 228.18, after losing 2.76 in the interbank market (SBP).
Since the start of this week’s trading, the Pakistani rupee has depreciated against the US dollar by 9.21 percent, or 4.2%, and appears to be following the same trajectory as when it reached a high of 239.37 on July 28.
