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KARACHI: The Pakistani rupee on Tuesday continued its downward trajectory against the US dollar, depreciating 1.34% in the interbank market.
At close, the currency settled at 283.04, a decrease of Rs3.78, as per the State Bank of Pakistan (SBP).
Interbank closing #ExchangeRate for today https://t.co/KBAPz7CcGZ#SBPExchangeRate pic.twitter.com/Ev4RrPjlEh
— SBP (@StateBank_Pak) July 18, 2023
On Monday, the rupee sustained back-to-back losses against the US dollar, depreciating another 0.6% to settle at 279.26 in the inter-bank market.
According to experts, the immediate response to the International Monetary Fund (IMF) programme, which led to the appreciation of the rupee, is now changing.
In a related event, the highest ranking military officials committed to fully assist the government of Pakistan’s planned strategic measures for the resurrection of the economy by offering all available technical and managerial support for the benefit of Pakistan’s populace as a whole.