KARACHI: Pakistani rupee registered the second consecutive weekly loss against the US dollar in the interbank market, depreciating by 0.44 percent on a week-on-week basis. According to the figures shared by the central bank, the dollar opened at Rs285.68 in the interbank market on Monday and closed at Rs286.93 on Friday, going down by Rs1.25 against the greenback. During the preceding week, the local unit depreciated by 0.19 percent against the greenback in the interbank market. During the current fiscal year 2022-23, Pakistani rupee has lost Rs81.06 against the US dollar in the interbank, while it has plummeted by Rs60.50 against the greenback in the current year. Similarly, the rupee remained on a downward trajectory against the US dollar in the open market. The rupee was quoted in the range of Rs302-305 in the open-market against the greenback as compared to a range of Rs299-302 a week earlier, showing a decline of Rs3 (1 percent). The local currency demonstrated a mix of stability and volatility against the US dollar throughout the week. TLTP
