The rupee continued to lose ground against the US dollar on Monday, in the 12th consecutive session when the greenback continued to climb and gained 80 paisa in interbank trade.
According to the Forex Association of Pakistan (FAP), the dollar was trading at Rs201.05 around 11.30 am after appreciating 80 paisa against Friday’s close of Rs200.25. Data released by State Bank of Pakistan (SBP) showed the dollar had closed at Rs200.14 on Friday.
The greenback subsequently closed at Rs200.80, appreciating 55 paisa against Friday’s close, the FAP said.
