On Friday, the US dollar, extended its gains against the rupee for the 11th consecutive session today as it gained 25 paisa by the close. According to the Forex Association of Pakistan (FAP), the greenback closed at Rs200.25, another record. The persistent decline in the rupee’s value since last Tuesday has been largely attributed to the country’s rising import bill, widening current account deficit, and depleting foreign exchange reserves of the State Bank of Pakistan.
