KARACHI: Pakistani rupee on Thursday hit another low after the US dollar strengthened against the local currency following a delay in the release of an Rs1.17 billion tranche from the International Monetary Fund (IMF) despite a staff-level agreement and political uncertainty in Punjab.
In the interbank today, the US dollar gained Rs1.08 against the rupee and traded at Rs226. In the open market, the greenback traded between Rs226 to Rs227.
Yesterday, the dollar rate reached an all-time high against the Pakistani rupee and is currently trading at Rs 225 in the interbank market. Political unrest wreaked havoc on the currency market for the second consecutive day.
