KARACHI: Pakistani rupee depreciated against the US dollar for the second straight session in the inter-bank market with a depreciation of five paisas on Tuesday. According to data released by the State Bank, the rupee shed around 0.02 percent in value against the dollar over the previous session’s closing value. The data showed that the rupee shed Rs0.05 in value, falling from the last session’s close of Rs278.33 to Rs278.38. The rupee depreciated by around 37 paisa last week, going down from 277.94 to 278.31 per US dollar. The local unit shed two paisas against the greenback on Monday last. Overall, the rupee has improved by Rs9.91 against the greenback during the current fiscal year 2023-24. The local unit improved by Rs1.16 in March, Rs0.39 in February, Rs2.36 in January and Rs3.31 in December, while it shed Rs3.69 against the US dollar in November after gaining Rs6.26 (+2.23 percent) in the month of October. TLTP
