Pakistani Rupee weakened further in rupee trading in the interbank market against the US dollar at 288.
In a tumultuous session, the rupee depreciated by 1.19 in the inter-bank market.
Last week rupee devalued to a sharp extent settling at 286 against the US dollar in the interbank market.
This sudden fall of the rupee comes with the effect of structural adjustment of the International monetary fund as the gap between trading rates is the key agenda of financial institutions like the IMF to reduce the trading rates gap.
As pressure is mounting on the rupee, the Foreign reserve is hitting high but it would not bolster the rupee in the immediate situation, it will take time to stabilize the rupee against the US dollar.
United States and Its Key Financial Institutions Like IMF said that there is no quick solution to stabilise the economy of Pakistan but it needs to work with the IMF to end economic difficulties.
