KARACHI: The Pakistani rupee on Tuesday saw a 0.47 percent decline against the US dollar after days of continuous growth despite the delayed transfer of funding by the IMF.
The local currency was reported at 261.15 during intraday trade, down from Rs. 123 of the US dollar.
The Pakistani rupee rose for a fourth consecutive session on Monday, rising 0.03 percent against a stronger dollar to 259.92.
The Monetary Policy Committee (MPC) will meet in an emergency session on March 2 at the State Bank of Pakistan to discuss emerging risks.