The PKR continued to depreciate on Tuesday, losing another Rs1 against the dollar in the interbank market.
The local currency closed at Rs238.91 per dollar, according to the State Bank of Pakistan (SBP). This equates to a depreciation of 0.42 per cent from yesterday’s close of Rs237.91, bringing the PKR near the all-time low of Rs239.94 on July 28.
The rupee has been on a losing streak since Sept 2. Data compiled by financial data and analytics portal Mettis Global showed the rupee’s value has declined 13.9pc or Rs33 since July 1.