Rupee extends losses against dollar in interbank PSX loses 239 points

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The Pakistani rupee continued to lose its value for the tenth consecutive session, falling by Rs0.68 against the US dollar in interbank market on Thursday.

According to Forex Association of Pakistan (FAP), the local currency was trading at Rs235 against the dollar in interbank market after losing Rs0.68 during intraday trading.

The association noted that the banks were selling dollar at Rs236. In the open market, the greenback was being traded at Rs238 to Rs240, the FAP added.

In the last nine consecutive trading sessions, the Pakistani rupee fell by 6.9 percent, or Rs15.77, against the greenback.

Meanwhile the 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Thursday, losing 239.73 points, a negative change of 0.57 percent, closing at 41,772.09 against 42,011.82 points on the last working day.—INP

 

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