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Rupee Drops to Another Low Against US Dollar as Rapid Depreciation Continues The Pakistan Rupee (PKR) continued its downward movement against the US Dollar (USD) in the currency market from the entire previous week to the opening day of the current week. The PKR deteriorated by 26 paisas in the interbank currency market against the greenback today, crossing the Rs. 154 barrier. It closed at Rs. 154.13 to the USD at the end of the trading day today (Monday, 26 April) as compared to Rs. 153.87 to the USD on Friday (23 April). ALSO READ Analysts believe that amid the higher dollar demand from importers, the local unit is likely to remain under pressure because of import payments. They added that the PKR had lost ground despite the rising remittances from overseas Pakistanis during the holy month of Ramazan.

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