Islamabad: Despite receiving a $1.16 billion loan from the International Monetary Fund (IMF), the Pakistani rupee continued getting battered in the interbank market against the US dollar.
Continuing its losing run, the Pakistani rupee posted a big fall of Rs2 against the US dollar.
According to the State Bank of Pakistan (SBP), at the end of the session, the local currency depreciated by 0.90% to close at Rs223.42 against the greenback in the interbank market.
— SBP (@StateBank_Pak) September 7, 2022
However, even after receiving the funds, the local currency has continued getting battered against the mighty dollar.