KARACHI: The Pakistan rupee lost more ground versus the US dollar in the interbank market on Tuesday, following the triumph of the no-trust move and the establishment of a new coalition government.
According to forex dealers, the rupee lost Rs1.90 against the US dollar in the interbank market, with the latter closing at Rs184.44.
The dollar was trading at around Rs184 against the Pakistani rupee on the open market.
On Thursday, the Pakistani rupee closed at Rs182.54 per dollar in the interbank market.
Meanwhile, the foreign exchange reserves of the State Bank of Pakistan (SBP) fell by $470 million to $10.849 billion in the week ending April 8, according to figures provided by the central bank on Thursday.
As of April 8, the country’s total liquid foreign reserves, including net reserves held by commercial banks, totaled $17.028 billion.