USD to PKR: Pakistani rupee remains under pressure against US dollar in interbank

KARACHI(a1tv news) Pakistani rupee continued its negative trajectory against the US dollar, depreciating further during the opening hours of trading on the first working day of the week in the inter-bank market.

During the trading, the local currency was being traded at 286.40, moving down Rs0.58.

Last week, PKR faced back-to-back blows and it settled at 285.82 against the greenback in the interbank market.

Continued delay in staff-level agreements with International Monetary Fund (IMF), and political instability hampered the investor’s confidence.