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The US dollar continued to hit new peaks against the rupee in the open-market, and was selling for over 334 during trading on Monday.
The Exchange Companies Association of Pakistan (ECAP), however, quoted rates at Rs329 and Rs326 during trading.
In the inter-bank market, the rupee was above the 305 level against the US dollar.
The currency has come under renewed pressure against the US dollar, especially in the open market, after the government lifted import restrictions, a key condition of the International Monetary Fund (IMF).
Economic analysts have urged the authorities to find avenues to attract dollar inflows, as depletion of reserves is quickly eroding confidence on the local currency.
The foreign exchange reserves held by the country’s central bank are hovering at $7.85 billion level, as per data released last week.
Meanwhile, some have highlighted that the IMF condition to maintain a currency gap of around 1.25% between the inter-bank and open-market is driving up rates in the latter.
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