Karachi: Due to political and economic instability, the rupee continues to depreciate in the inter-bank market. The dollar is trading at 285 rupees with an increase of 19 rupees in the interbank market. Due to the delay in the agreement with the IMF, the currency market is suffering from uncertainty.
At the close of business yesterday, the dollar closed at 266.11 rupees in Interbank. The price had increased by 4 rupees 61 paise.
Yesterday, in the open market, the dollar went up by 7 rupees to 274 rupees, while at one point during the trading, it continued to trade at 275 rupees.