KARACHI – Last week, the Pakistani currency continued its slow but steady decrease against the US Dollar and also reached 102 against the American currency at one point.
On the interbank market, it started week by advancing one-paisa for buying and four paisas for selling, as the US Dollar ended the day at Rs101.74 and Rs101.76, against the prior week’s close of Rs101.75 and Rs101.80.
In the second trading session, the rupee dropped by a bigger 11 paisas for buying and 10 paisas for selling, sending the dollar up at Rs101.85 and Rs101.86. The rupee slipped by another one-paisa for buying and two paisas for selling in the third trading session and ended the day at 101.86 and 101.88.
In the fourth trading session, It dipped by a further two paisas as the dollar rose to Rs101.88 and Rs101.90. However, the local currency managed to pick up five paisas in the last trading session, as the dollar closed the week at Rs101.83 and Rs101.86.
