Four thousand US dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. — Reuters
KARACHI: The Pakistan rupee lost ground against the US dollar Monday ahead of the monetary policy announcement and the speculations surrounding the International Monetary Fund (IMF).
In the interbank market, the rupee fell 2.01 or 0.93% against the dollar to close at 216.66, down from Friday’s close of 214.65, according to data from the State Bank of Pakistan (SBP).
Talking to The News, a trader said that apart from forex inflows and outflows, the monetary policy decision will be instrumental to gauge the rupee’s future direction.
