For the sixth successive day, the US dollar continues its winning streak against the Pak Rupee in interbank trade.
The Pakistani rupee, which gained 1.58 during intraday trade, was available at Rs227.40 per dollar, according to the Forex Association of Pakistan (FAP).
The forex organization noted that the exchange rate for the US dollar in the open market was between Pak Rupee Rs234 and Rs236.
It is important to note that the rupee has lost money overall against the dollar since the start of this week’s trading, even though it has received a loan tranche from the IMF for US$1.16 billion (IMF).
The Pakistani rupee lost Rs2 versus the US dollar in the interbank market the day before. State Bank of Pakistan (SBP) data indicates that the rupee depreciated 0.89 percent and ended the day at 225.88 to the dollar.
— SBP (@StateBank_Pak) September 8, 2022
It is important to note that Pakistan has received a loan tranche from the IMF totaling US$1.16 billion, as verified by the State Bank of Pakistan.