LAHORE , March 20, 2023: The Pakistani currency got no respite in its value against the US dollar on the first working day on Monday, losing Rs2.79 in the interbank market.
The local unit was being traded at Rs284.50 at 1:15pm during the intra-day trading. The greenback closed at Rs281.71 in the interbank market on Friday last, depreciating 25 per cent against the local currency.
The dollar also gained Rs1 in the open market and was being traded at Rs286.
According to currency markets analysts, the rupee weakened due to uncertainty surrounding the revival of an International Monetary Fund (IMF) programme and a lack of confidence in the government.