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Rupee depreciates against US dollar

Rupee depreciates against US dollar

KARACHI: Pakistani rupee Friday witnessed depreciation against US dollar in open market, but gained value in interbank on the last day of trading.

According to local currency market, US dollar gained 20 paisa in open market and reached 102.6, however, shed 10 paisa in interbank to reach 102.4. On Thursday, US dollar lost 10 paisa in interbank to reach 102.5 and remained steady in open market to stand at 102.4.

Experts say that the massive political gathering by Pakistan Tehreek-e-Insaaf in Mianwali has pressurised the government, which also influenced currency and stock markets.