KARACHI: The Pakistani rupee depreciated by Rs3.02 against the US dollar in the interbank market on Tuesday.
According to the central bank, the local currency closed at Rs291.51 during today’s trading from the previous close of Rs288.49.
Interbank closing #ExchangeRate for today https://t.co/PSffDJrHqg#SBPExchangeRate pic.twitter.com/wz2CYM0KFi
— SBP (@StateBank_Pak) August 15, 2023
The dollar was trading for Rs300 in the open market, according to Exchange Companies Association of Pakistan.
It is pertinent to mention here that under the $3 billion standby arrangement signed with the IMF, the previous coalition government agreed to maintain a single currency rate in both interbank and open markets.
