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Political, economic uncertainty keeps rupee under pressure against dollar

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WEB DESK, July 28(ABC): The Pakistani rupee continued its downward spiral against the US dollar in the interbank market during intraday trade Thursday, despite assurances by Finance Minister Mifta Ismail that pressure on the rupee will soon “vanish”.

The rupee was trading at Rs239.50 against the US dollar in the interbank market during intraday trade amid the ongoing economic and political uncertainty in the country.

The domestic currency lost 3.48 during the intraday trade. The local unit closed at 236.02 per dollar a day earlier. It fell by 1.31% during the session.

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  • FD News

    Financial Daily (FD) is an emerging media outlet providing news reports, analysis and features especially related to politics and economy. FD is currently one of the largest and most comprehensive private-sector information portals in Pakistan, providing its readers with apolitical, unbiased and fact-based news reports and analyses.

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