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The ruble compensates for the losses against US dollar after assurances from the IMF

KARACHI: USA dollar on Wednesday continued the losing streak in interbank and open market against rupees, a day after the IMF said the country had fulfilled its last condition of fee increase on fuel prices, according to ARY NEWS.

According to forex dealers, the US dollar lost 0.90 rupees today in interbank against rupee and is trading at 237.48 rupees, while banks are selling the dollar at 238 rupees.

To open market United States dollar traded from 238 to 240 rubles.

International Monetary Fund (IMF) on Tuesday confirmed that Pakistan has reached all set goals for revival of Extended Funding Program (EFF).

Exclusive to ARY News, Resident Representative of the International Monetary Fund (IMF) in Islamabad, Esther Perez Ruiz said Pakistan has achieved everything financial goals set fund and last action has been taken on July 31 by extending the collection on petrol.

Read more: USA dollar reduced to Rs 237 in interbank market

Ruiz said the 7th and 8th reviews have been completed and the IMF Executive Board will meet in third week of August.

Esther Perez hoped Pakistan would accept steps reduce the funding gap before the board meeting.


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Derrick Santistevan
Derrick Santistevan
Derrick is the Researcher at World Weekly News. He tries to find the latest things going around in our world and share it with our readers.

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