KARACHI: The Pakistani currency Tuesday witnessed mix trend against the US dollar as it gained value in interbank and depreciated in open market.
As per the local money market, the greenback gained 10 paisas in open market for buying at 110.20 and for selling at 110.50. In interbank, the dollar lost 30 paisas for buying at 109.70 and 90 paisas for selling at 109.90.
On Monday, the dollar lost 20 paisas in open market for buying at 110.10 and for selling at 110.40, while it remained unchanged in interbank for buying at 110 and five paisas for selling at 110.80.
The government had depreciated the rupee value only due to the pressure of International Monetary Fund. However, the weakening currency had increased the cost of debt servicing. Pakistan’s external debt and liabilities have mounted to $85 billion, the State Bank of Pakistan’s latest report suggested.