KARACHI: The Pakistani rupee continued to depreciate against the US dollar in the interbank market and hit Rs156.18 after losing 8 paisa on Monday.
In the open market, the greenback remained unchanged at Rs156.30.
It is pertinent to mention here that in September, 2018, the greenback traded at Rs134 and later in November, it weighed around Rs142. At the end of previous year, the local currency traded at Rs139.40 against the dollar.
Earlier, economists had expressed fears that the rising oil prices in the international market after attacks on Saudi Arabia’s state-owned Aramco oil facilities would adversely affect the rate of US dollar. They had termed the development as “bad omen for Pakistan’s economy.”
In the previous two months, the local currency had recovered significantly against the greenback in the interbank market.
