KARACHI: During the interbank currency market’s early trade, the US dollar gained 19 paisa and swelled to Rs177.90. On Friday, the dollar closed at 177.71 in the interbank market.
According to experts, during the last seven months, the rupee has declined by more than Rs25. The Saudi package of $3 billion is yet to create a positive impact on the market as the rupee continues to decline.
Earlier the currency experts had predicted that the rupee would continue to decline. The completion of the sixth review of the International Monetary Fund (IMF) will aid in controlling the decline of the rupee.