Rupee registers back-to-back losses against US dollar

The Pakistani rupee fell for the 8th consecutive day on Tuesday towards the United States buck, owing to the risky political state of affairs and a better debt profile of the rustic.

Because the early buying and selling started on Tuesday, the worth of rupee incurred depreciation consecutively towards the dollar because it fell down additional by means of 34 paisas to Rs224 within the interbank marketplace.

On Monday, the interbank marketplace noticed the rupee extending losses by means of 49 paisas to drop to Rs223.66 right through buying and selling initially of the week.

In contrast, on Friday, the United States buck closed the week buying and selling at a price of Rs223.17.

The now not so nice successful streak of the rupee towards the United States buck used to be snapped at the remaining buying and selling day of the second one week of November and because then, it has misplaced round Rs2.42 in its price within the interbank marketplace.

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