US dollar extended its losses beside the Pakistani rupee, as the greenback devalued by Rs4.15 in the interbank on Monday.
Conferring to the forex dealers, the local currency gained Rs4.15 against the US dollar in the interbank market. Presently, the dollar is being sold at Rs236 by the banks, although the same is being sold at Rs238 to 240 in the open market.
It may be noted that yesterday, Miftah Ismail resigned as finance minister and the PML-N huddle held in London with Nawaz Sharif in the chair nominated Ishaq Dar as the next finance minister of the alliance government.
The Pakistani rupee has weakened by Rs56.72 beside the United States (US) dollar in the first six months of Prime Minister Shehbaz Sharif-led coalition government.
Rendering to a report by currency dealers, the rupee witnessed huge depreciation from Rs 178 beside the US dollar in April 2022 to Rs 239.65 in September 2022, a decline of Rs56.72 over the past 6 months.