The unstable political and economic situation causes fluctuation in rupee value against the US dollar. Due to soaring inflation and strict conditions of International Monetary Fund (IMF), the rupee is facing pressure.

According to the State Bank of Pakistan (SBP), the dollar value increased by Rs0.07 and closed at Rs277.93 in inter-bank market. The rupee registered a slight decline in open market, closed at 278.83.

It is worthy to note that rupee gained strength against other foreign currencies including Euro, UK pounds, Emirati dirham, and Saudi riyal.