KARACHI: The Pakistani currency Monday further strengthened against the US dollar in open market and remained firm in interbank.
As per the local money market, the dollar lost 20 paisas in open market for buying at 110.10 and for selling at 110.40, while it remained unchanged in interbank for buying at 110 and five paisas for selling at 110.80.
On Friday, the greenback lost 40 paisas in open market for buying at 110.30 and for selling at 110.60. The dollar remained unchanged in interbank for buying at 110 and five paisas for selling at 110.80.
It is pertinent to mention that Prime Minister Shahid Khaqan Abbasi had ruled out any plan to let the rupee weaken further. Abbasi’s statement that comes amid rumours and speculation that the currency would continue to fall after a nearly 5% hit within the week.