Dollar reaches Rs212 during intra-day trading

KARACHI (INN Pakistan) – The Pakistani rupee continued its losing streak against the US dollar on Tuesday and lost over Rs2 during intra-day trading.

The dollar was trading around Rs212, after appreciating over Rs2 against Monday’s record high of Rs209.96.

According to experts, the rupee’s downtrend could be attributed to widening current account deficit, depleting foreign exchange reserves and delay in the revival of the IMF program.

A day earlier, Finance Minister Miftah Ismail claimed that the International Monetary Fund (IMF) program will be revived within the next two days.

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