Pakistani Rupee Drops to Another Low Against the US Dollar

Pakistani Rupee further weakened against the US Dollar in the interbank market on Monday.
With a loss of 31 paisas, the rupee closed at 161.04 against the dollar on Monday as compared to 160.72 on Friday, data showed
CEO of the financial advisory Alpha Beta Core, Khurram Schezad, spoke to ProPakistani and said, “It’s a short-term recovery after PKR improved against the USD about 6 percent from its low.”

He further remarked that there is still room for PKR to improve against the USD as there have been more inflows/supply of Dollars in the market compared to outflows.