PKR loses over one rupee against USD in intraday trade

PKR loses over one rupee against USD in intraday trade

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ISLAMABAD: The Pakistani rupee (PKR) suffered another strong depreciation as the currency lost Rs 1.07 in early trade.

Compared with the previous closing price of 186.63, the dollar was quoted around 187.7.

A bleak macro economy and delays in IMF payments have dragged PKR into a bleak phase.

The local currency has lost Rs 6.15 against the dollar since April 15.

Meanwhile, the Pakistan Stock Exchange (PSX) also saw a bearish trend, with the KSE-100 down 833 points and the index down to 44,006.

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