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Pakistani rupee depreciate against US dollar in interbank market

Pakistani rupee depreciate against US dollar in interbank market

KARACHI: The US dollar gained Rs1 against the Pakistani rupee in the interbank market, according to media reports on Wednesday.

The greenback initially gained 50 paisa to trade at Rs 159.50 in the interbank market on the third business day and surged by another 50 paisa afterwards to reach Rs 160.

The price of the US dollar had increased by 33 paisa on Tuesday to trade at Rs 159. The value of the greenback increased by Rs 1.33 in past two days due to the global crisis created by coronavirus.