Contemporary assessments of flood harm noticed the Pakistani rupee proceed to lose floor in opposition to the US greenback which jumped to Rs230 within the interbank market on Monday.
The rupee misplaced round Rs1.82 in its worth on Monday morning because it slid from Friday’s closing worth of Rs228.12 to Rs230 on Monday.
Within the open forex market, the worth of a US greenback has soared as excessive as Rs238.
The Pakistani rupee has been on a downward pattern since final month regardless of receiving $1.1 billion from the Worldwide Financial Fund (IMF) mortgage didn’t strengthen the forex.
With devastating flood harm, political uncertainty and import of tomatoes and onions, the demand for US {dollars} has grown once more, inflicting an influence on the forex markets.