KARACHI: The US dollar rate in Pakistan remained unchanged against the Pakistani rupee in the open market on Tuesday (Nov 14).

During the day, currency dealers said the rupee was traded at 289 for selling and 286 for buying purposes for customers.

At the end of trading, the currency closed at the same rates, according to data provided by the Exchange Companies Association of Pakistan (ECAP).

In the interbank market, rupee sustained losses for the 16th successive session against the US dollar, as it depreciated 0.11% to settle at 287.87, a decrease of Re0.32.

The gap between rates in the inter-bank and open markets is required to be less than 1.25% under one of the structural benchmarks set by the International Monetary Fund (IMF).