KARACHI: The US dollar rate in Pakistan further increased by Re0.2 (2 paisa) against Pakistani rupee to Rs277.64 in the interbank market on Monday (Oct 14) as per the State Bank of Pakistan (SBP).

Last week, the rupee also saw marginal depreciation, losing Re0.12 or 0.04% against the US dollar. According to the State Bank of Pakistan (SBP), the rupee ended at 277.64, compared to the previous week’s closing of 277.52.

Meanwhile, the International Monetary Fund (IMF) warned that Pakistan’s capacity to repay loans remains under significant risk. The IMF highlighted the country’s reliance on policy measures and timely external financing.

On the global front, the US dollar extended gains in early trading on Monday in Asia. A holiday in Japan reduced market activity, and China’s less-than-expected stimulus measures over the weekend became the primary focus of the market.

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