PKR in downward spiral in interbank market

The Pakistani rupee continued to lose ground against the US dollar on Wednesday during intraday trading in the interbank market, losing Rs2.4.
According to data released by the State Bank of Pakistan (SBP), the rupee depreciated by 1.02% during trading on Wednesday.
As a result, the rupee slid by Rs2.4 to Rs234.32.
By contrast, the rupee had closed at Rs231.92 in the interbank on Tuesday.