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The Pakistani rupee is struggling in opposition to the US greenback after its current rally got here to a grinding halt final week.
The US greenback appreciated by Rs0.52 to rise to Rs219.50 in interbank on Monday, regardless of a $1.1 billion from the Worldwide Financial Fund (IMF).
Rupee’s three-day profitable streak of about Rs3.30 was damaged on Thursday and on Friday the US greenback closed at Rs218.98 after rising by 38 paisas.
Within the open forex market on Friday, the US greenback rose by Rs4 and was being traded at Rs223.
The native forex appears to be below pressure following flash floods and resurgent political tensions.
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