Rupee continues to drop against US dollar in interbank market

Enduring the rough patch amid weakening macros has kept the dollar demand elevated and after the increase, the greenback is now being traded Rs.201.2.

Read more: Inflation rises with 1.42 pc gain

The local currency is being weighed by depleting foreign exchange reserves and uncertainty over the resumption of the International Monetary Fund (IMF) program.

Meanwhile, the Pakistan Stock Exchange (PSX) also witnessed a bearish trend as benchmark KSE-100 index fell by over 450 points.