Pakistan rupee depreciated by 60 paisas (-0.38 per-cent) against the US dollar in the interbank on Mon-day after two straight sessions of appreciation against the greenback last week.
According to the State Bank of Pakistan, the US dollar opened atRs157.62 and closed at Rs158.22. Within the open market, the US dollar was traded at Rs157.80/158.50.
Pakistani rupee shed Rs0.73 against the US dollar last week.
However, the local unit has gained Rs9.82 against the greenback in the current fiscal year 2020-21 while appreciation has been Rs1.62 in 2021.
The currency experts said that the rupee re-mained under pressure because the market opened after a closure of two days due to weekend. —TLTP