KARACHI: The Pakistani rupee on Wednesday registered losses for the third straight session against the US dollar, depreciating 0.64% in interbank market.
At close, the rupee settled at 289.38, a decrease of Rs1.84, as per the State Bank of Pakistan (SBP).
On Monday, the rupee had registered back-to-back losses against the dollar to depreciate 0.31% to settle at 287.54.
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Experts attributed the rise in US dollar value to demand- supply pressure in the market.
In a key development, the Federal Board of Revenue (FBR) has provisionally collected Rs538 billion during July 2023 against the assigned monthly target of Rs534 billion, reflecting an increase of Rs4 billion.
