Pakistani Rupee sustained to lose its value for the fifth repeated session, declining by Rs2 beside the US dollar in interbank market News reported on Thursday.
Conferring to the data shared by State Bank of Pakistan (SBP), the rupee closed at 225.88 per dollar, having devalued 0.89 percent.
Interbank closing #ExchangeRate for todayhttps://t.co/2Du2tsBV8B pic.twitter.com/qe8drDCtN1
— SBP (@StateBank_Pak) September 8, 2022
A day previous, the US dollar sustained its upward trajectory against the rupee despite getting a loan tranche of US$1.16 billion from the International Monetary Fund (IMF).
Interbank closing #ExchangeRate for todayhttps://t.co/1Q8cIaX7IR pic.twitter.com/HO8Nlc9tIP
— SBP (@StateBank_Pak) September 7, 2022
According to forex dealers, the US dollar rose by Rs1.08 in the interbank market beside the rupee and traded at Rs222.50 while the banks are selling it at Rs222.95.
It is relevant to mention here that the State Bank of Pakistan confirmed that Pakistan has received a loan tranche of US$1.16 billion from the IMF.