KARACHI: The Pakistani rupee appreciated by 13 paisa against the US dollar in the interbank market, and hit Rs160.45 during early trade hours on Monday.
In the previous week, the Pakistani rupee depreciated by 39 paisa against the greenback and closed at Rs160.58 in the interbank market on Friday.
In the open market, the greenback with slight fluctuation in the whole previous week maintained its value around Rs160.70.
The rupee has been observed to cumulatively depreciate against the US dollar, which in turn has resulted in increased prices of goods and hardships for the general public.
Earlier, the SBP let the rupee depreciate significantly in the inter-bank market after finalising an agreement with the International Monetary Fund (IMF) for a loan programme on May 12.