{"id":322274,"date":"2023-03-28T00:27:45","date_gmt":"2023-03-27T19:27:45","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=322274"},"modified":"2023-03-28T00:27:45","modified_gmt":"2023-03-27T19:27:45","slug":"pakistani-rupee-sheds-value-against-us-dollar","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/pakistani-rupee-sheds-value-against-us-dollar\/","title":{"rendered":"Pakistani rupee sheds value against US dollar"},"content":{"rendered":"<p>ISLAMABAD: The Pakistani rupee started the week in negative as it depreciated by 60 paisas against the US dollar in the interbank market on Monday. According to the information received from the forex traders, the local currency lost 60 paisas in value against the greenback as the trading resumed after a gap of four days and was currently being traded at Rs283.80. On Friday last, the rupee lost 0.53% against the US dollar to settle at 283.20 in the interbank market. A significant decline was followed by two days of appreciation that trimmed losses, but fundamental reasons for the rupee\u2019s weaker position remained. A stalled programme with the International Monetary Fund (IMF) together with reports that the staff-level agreement was still a bit further away meant the currency market did not take any positive cues. Pakistan is making efforts for resumption of the IMF\u2019s Extended Fund Facility (EFF) of over $1 billion. The release of loan from the IMF will unlock further inflows from other international creditors. DNA<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: The Pakistani rupee started the week in negative as it depreciated by 60 paisas against the US dollar in the interbank market on Monday. According to the information received from the forex traders, the local currency lost 60 paisas in value against the greenback as the trading resumed after a gap of four days [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-322274","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pakistani rupee sheds value against US dollar<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/pakistani-rupee-sheds-value-against-us-dollar\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistani rupee sheds value against US dollar\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD: The Pakistani rupee started the week in negative as it depreciated by 60 paisas against the US dollar in the interbank market on Monday. According to the information received from the forex traders, the local currency lost 60 paisas in value against the greenback as the trading resumed after a gap of four days [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/pakistani-rupee-sheds-value-against-us-dollar\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-27T19:27:45+00:00\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:site\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Web Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta 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