KARACHI: The US Dollar appreciated to Rs165.20 against the Pak Rupee (PKR) on Tuesday in the interbank foreign exchange market.
The dollar made gain against the rupee despite transfer of $2.75 billion to the State Bank of Pakistan (SBP) from the International Monetary Fund (IMF).
The rupee ended at Rs165.20 to the dollar from previous day’s closing of Rs164.42 in the interbank foreign exchange market.
Currency experts said that the IMF transfer had failed to improve sentiments in the market. The rupee is almost 11 months low against the dollar.
