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 102.95 in open market, 101.70 in interbank: Pak rupee continues losing spree

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PostSubject: 102.95 in open market, 101.70 in interbank: Pak rupee continues losing spree   Fri 20 Mar 2015, 12:28 pm

KARACHI: The Pakistani rupee further weakened Friday against dollar both in open market and interbank despite reports that reserves are likely to increase soon because of the $550 million tranche approval from the International Monetary Fund (IMF) before the end of month.
As per the local currency market, the US dollar gained 5 paisas in open market to reach 102.95 and 10 paisa in interbank to close at 101.70. On Thursday, the American currency added 15 paisas in open market to stand at 102.90 and 10 paisas in interbank for selling at 101.60.
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