KARACHI: Pakistani rupee continued losing ground against the US dollar in the interbank market on Friday and depreciated by 86 paisas (-0.29 percent). The State Bank of Pakistan (SBP) said in a tweet that the rupee opened at 294.92 against the dollar in the interbank market and closed at 295.78. The rupee depreciated by Rs7.27 against the US dollar during this week. During the current fiscal year 2023-24, Pakistani rupee has shed Rs9.79 against the US dollar in the interbank market, while it plummeted by Rs68.35 against the greenback in the current year. Similarly, the local unit depreciated against the greenback in the open market by Rs2 (-0.66 percent). The rupee was quoted in the range of 303-306 against the dollar in the open market as compared to 301-304 a session earlier. In the black market/Hundi, the dollar was traded at Rs320 against Rs318 a session earlier. TLTP
