Rupee loses Rs1.82 against dollar in interday trading

KARACHI(a1tv news) The Pakistani rupee depreciated Rs1.82 against the US dollar on Friday.

The local currency was seen changing hands at 222.50 during the intraday trading.

A day earlier, the local unit closed at Rs220.68 after depreciating Rs0.95, or 0.43%. 

The rupee snapped its gaining streak as the currency market didn’t react positively to news of receiving inflows from the Asian Development Bank (ADB) into the country.

Pakistan received $1.5 billion from the ADB last night, however, the much-awaited loan failed to currency market players.

Meanwhile, the PTI will begin its long march today from Lahore for the early elections.