The rupee continued its losing streak against the US dollar as the greenback
rose to Rs212 against the local currency during early morning trade in the interbank market on Tuesday.

According to the Forex Association of Pakistan (FAP), the rupee depreciated by over Rs2 to reach an all-
time low of Rs212 against the dollar.

According to experts, the dollarís upward slide against rupee is due to the deadlock between
government International Monetary Fund (IMF) over deal and declining forex reserves.

In the open market, the US dollar being sold between Rs213 and Rs215.

The rupee has incurred a colossal loss of Rs6.4 during five consecutive sessions last week.