Rupee registers decline against Dollar as Dar eyes IMF talks

KARACHI: The Rupee registered a marginal decline against the US dollar in the inter-bank market on Wednesday, and depreciated 0.05% as Finance Minister ٰIshaq Dar left for the US to hold talks with World Bank and the IMF.

During the inter-bank trading today, the rupee was quoted at 217.90, a depreciation of Re0.11 or 0.05% against the greenback, during intra-day trading.

Yesterday, Rupee continued to gain against the US dollar for the 13th successive session and closed at 217.79 after appreciating Re0.18 or 0.08%.

It is pertinent to mention here that during his stay in the US, Ishaq Dar is scheduled to hold negotiations with the International Monetary Fund (IMF) and the World Bank (WB). Annual meetings of the IMF and World Bank would continue from October 10 to 16 in the United States.

Officials said the Finance Minister would brief the international lenders on the current economic situation of the country, especially after the devastating floods in different parts of the county. The government would brief about its financial needs of the floods