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Rupee fails to hold ground against US dollar for fifth week

USD PKR interbank
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Pakistan rupee depreciated against the US dollar for the fifth straight week, down by 9 paisas (-0.05 percent) last week.

Though the rupee’s depreciation continues unabated on a weekly basis, it has slowed in terms of value for the fourth week in a low, as in the preceding three weeks, the rupee devalued by o.19 percent, 0.53 percent and 0.75 percent respectively.

According to the State Bank of Pakistan, the US dollar opened at Rs178.04 in the interbank market on Monday .— TLTP

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