Dollar Soars Against Rupee In Interbank Market

Rupee depreciated by 2.19 against dollar today over IMF deal concerns

KARACHI: Dollar recorded a surge of Rs2.19 against the Pakistani rupee in the interbank market during the intraday trade on Wednesday as the deal with the International Monetary Fund (IMF) delays further.

The local currency closed at 210.10 to a dollar today — the first trading session after five Eid holidays. It ended at 207.91 on Thursday.

Meanwhile, in the open market, the dollar was traded at Rs211.

The rupee-dollar parity has been buffeted by concerns of a delay in the revival of the IMF loan programme.

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